Aussie hedge fund eyes US expansion

An award-winning Australian hedge fund manager is setting up shop in the US with a Manhattan office and new local and international hires.

NWQ Capital Management, based in Perth and led by managing partners Jonathan Horton and Stuart McClure, has appointed former Bank of Tokyo-Mitsubishi UFJ director Robert Kalish as managing director, international. Kalish will drive NWQ's US operations - in particular, delivering the recently-announced offshore version of NWQ's flagship Fiduciary Fund to a US client base.

The multi-manager Fiduciary Fund aims to achieve returns between 8% to 11% per annum over rolling five-year periods, with significantly less volatility than the Australian equity market, by allocating to managers across a range of absolute return strategies.

Kalish said there is strong demand for Australian and Asia-Pacific absolute return funds in the US, and that "NWQ's globally recognised position in the Australian absolute investments market made the role a very appealing one."

Horton added: "We have seen significant interest from the US market in the new offshore fund, so it made sense to have boots on the ground there to make the most of that opportunity and build a client base with a hands-on approach."

As part of the firm's local growth plans, NWQ has also appointed former Man Investments Australian director Tim Banfield as managing director of distribution.

Horton continued: "To secure such experienced and sought-after professionals I think speaks highly of what we're achieving at NWQ, and where we're seeking to go with the firm. It's our belief that the type of investments we offer will meet with increasing demand as public capital markets become more challenging to navigate, and we're already seeing this happening."

In September last year, NWQ was given the Australian Hedge Fund Award by the Australian chapter of the Alternative Investment Management Association.

Read more: USAustralian Hedge FundFiduciary FundManhattanAlternative Investment Management AssociationAsia-PacificBank of Tokyo-Mitsubishi UFJJonathan HortonMan Investments AustralianNWQ Capital ManagementPerthRobert KalishStuart McClureTim Banfield
Editor's Choice
DARREN SNYDER
About three-quarters of Australian institutional investors are incorporating environmental, social and governance factors in investment decisions.
JAMIE WILLIAMSON
Businesses looking to integrate enhanced technological capability must consider its future impacts, or else risk creating a greater trust deficit in the financial services industry.
ALEX BURKE
A comprehensive review of Praemium chief executive Michael Ohanessian's termination and subsequent reinstatement determined the previous board acted inappropriately and unreasonably.
JAMIE WILLIAMSON
Advisers will soon have access to Challenger's deferred lifetime annuities through Colonial First State platforms.
Videos
Brought to you by
20 MAR 2017
Growth in multi-factor strategies was born out of the GFC as investors increased the search for investments that target a smoother ride in volatile and often event-driven markets. The SPDR MSCI World Quality ...
Get it Daily
Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.
SUBSCRIBE
Products
Pocket investment guides featuring adviser case studies and a glossary.
Investing trends and strategies from the industry’s thought leaders.
Putting the spotlight on investment products that matter.
Expert Feed
Michelle Baltazar
FS ADVICE
A case for digital activism
The time is ripe for financial advisers to embrace their role as digital activists - fiduciaries who are early adopters of finance ...
Emma Rapaport
FS SUPER
Smashed on university fees, smashed on retirement
Since Scott Morrison's pre-budget announcement that debt would be reclassified as 'good' or 'bad', the government spending spree has ...
Christopher Page
FS PRIVATE WEALTH
The next generation
On March 20, David Rockefeller - former Chase Manhattan chair and last of Standard Oil founder John D. Rockefeller's grandchildren ...
Michelle Baltazar
FS MANAGED ACCOUNTS
Hitting the mark
Ten years from now, every financial adviser in the country will be offering their client a managed account solution. It may happen ...
Featured Profile
Professional Subscription for $295
(inc GST) for 1 year.
SUBSCRIBE
OTHER PUBLICATIONS
FS Advice
The Australian Journal of Financial Planning.
Get the free iPad app
Download the Financial Standard iPad app for FREE.
DOWNLOAD
Link to something cbGSDTlp