POWERED BY MOMENTUM MEDIA
Bennelong to form new absolute value boutique
Boutique fund manager Bennelong Funds Management has announced Herschel Asset Management’s Mark Burgess and Kristiaan Rehder will join the firm to manage an Australian equity long short absolute return fund.
Bennelong chief executive Jarrod Brown confirmed the pair will join Bennelong on 1 September 2011 to form a yet-to-be-named investment business of which they will be the majority shareholders.
“They have tremendous past performance, a robust investment process and are very highly regarded in the absolute return space,” Brown said.
Earlier in the year, research house Zenith gave the Herschel Absolute Return Fund a ‘recommended’ rating for its unblemished record of outperformance in a falling market, labelling it the “undiscovered gem” of hedge funds.
This is the second boutique Bennelong has brought on board in three months, with two former UBS small cap asset managers joining the firm in May to form Avoca Investment Partners.
AUTHOR
Ashleigh McIntyre
Recommended for you
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.72 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.60 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
27.64 3 y p.a(%)
