Innovative Multi Asset Alternative Fund set for new year launch

VanMac Group are looking to have the Multi Asset Alternative Fund (MAAF) discussed in October’s newsletter seeded in Q1 2009. It will be offered as an ASIC-compliant Australian regulated product.

“We understand there is a place for a product that aims to separate return streams from beta and alpha asset classes while at the same providing an international, balanced approach to alternative asset allocation,” said Van Mac Group Managing Director Scott MacDonald recently.

“As an international focused alternative research group we are well placed to combine the best of the best into a fully diversified global alternative asset fund.”

He said that the MAAF is ideal for self-managed super funds; high net worth and smaller superannuation funds that do not have the size or expertise to chase down the hard to find and access alternative asset allocation solutions such as hedge funds; private equity; commodity trading advisors; and global real estate/ timber managers to name a few.

Fees will be approximately half those of a traditional fund of hedge funds – instead of 2% p.a. plus 20% profit share, 1.5% pa plus 10% profit share, that is, about the same as a wholesale fund of funds.

The Fund will include exposure to commodities that are up 18% pa YTD (see Greenwich AI data and press release October 2008); infrastructure and private equity, along with hedge funds. “It is worth noting that our clients’ portfolios are performing well with their underlying performance being neutral during the past three-year period,” commented Mr MacDonald, “but are in fact currently 35% up due to currency pick-up during this volatile last quarter.”

Longer term targeted returns are likely to be 10-12 % p.a. for around 50% less volatility than the USA S&P 500 equity index – net of all fees.

Van Mac Group welcomes enquiries about its philosophy or further detail on the underlying constituent managers’. Contact Van Mac for more information.