IXIS Asset Management Australia affiliate Harris Alternatives LLC has picked up a key mandate from JANA Investment Advisers.
The $48 million mandate involves Harris Alternative’s Aurora Offshore Fund Ltd II, and forms part of JANA’s implemented consulting solution for wholesale clients.
The Aurora Offshore Fund Ltd II is a diversified fund of hedge fund that has attracted more than $700 million in Australian-sourced funds.
Equity markets have surged ahead of fundamentals as institutional investors fall behind, according to Ten Cap Alpha Plus.
Local investors are leading the region in plans to boost private market exposure, as demand grows for innovative fund structures, resilient investments, and a more selective approach to alternatives.
Research shows institutional investors are increasingly turning to private credit, but the APAC region’s relatively small market size remains a key constraint.
The global financial platform has completed a Series F funding round, with superannuation funds participating in the round.