IXIS Asset Management Australia affiliate Harris Alternatives LLC has picked up a key mandate from JANA Investment Advisers.
The $48 million mandate involves Harris Alternative’s Aurora Offshore Fund Ltd II, and forms part of JANA’s implemented consulting solution for wholesale clients.
The Aurora Offshore Fund Ltd II is a diversified fund of hedge fund that has attracted more than $700 million in Australian-sourced funds.
Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum.
Institutional investors have entered November with their largest pre-election equity allocation in two decades, according to new data.
The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update.
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.