AUSTRALIA - Rothschild Australia Asset Management has appointed Barclays Global Investors Australia (BGIA) to its Total Return Fund, a multi-manager hedge fund product.
The appointment comes only two months after BGI’s Equity Market Neutral Fund was introduced on to the market following the fund’s launch in August 2001.
Commenting on BGI’s appointment, Richard Keary, associate director, alternative investments at Rothschild described BGI’s fund as “a good fit into our multi manager hedge fund product.”
The BGI Equity market Neutral Fund can be used by investors as a totalreturn product or a portable alpha strategy, according to Rothschild.
The fund targets a return of 8% per annum above the cash rate (alpha); have active risk of around 5% per annum (tracking error), and achieve a net exposure of zero to equities by having long and short security positions.
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