Daniel Liptak will vacate his role as Zenith Investment Partners head of alternatives research to head up a newly-established specialist institutional consulting firm.
ZG Advisors (ZGA) will focus on tailored solutions for alternative assets based on strategy types, regional focus, liquidity, risk tolerance and fee load constraint.
Liptak has been appointed chief executive, while Zenith co-founder and director David Smythe will act as a non-executive director. The business will obtain, and operate under, its own Australia financial services licence.
ZGA will utilise the global alternatives research and resources of Gottex Fund Management, the majority shareholder in the venture.
According to Liptak, ZGA will also leverage some of the crossover with Zenith, particularly when it comes to sharing ideas on Australian alternative assets.
He added that it would be business as usual at Zenith, with Smythe continuing his role as director.
"ZGA clients will have access to unrivalled expertise in global and domestic hedge funds — which will lift the covers on transparent due diligence," Smythe said.
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