Pengana Capital Group’s Post

A few weeks ago I had the pleasure of discussing the role of #alternatives in #retail and #wholesale portfolios with Russel Pillemer and Matthew O'Neill at the IMAP - Institute of Managed Account Professionals conference. There were 5 key questions I summarised in my opening presentation that I think are important to work through when considering alternatives in the broader context of a client's portfolio: 1. What is the market opportunity and how will alpha be generated and sustained versus listed markets? 2. Are the return drivers different to traditional asset classes? 3. Can you get access to manager insights to enable better-informed investment decisions? 4. Can you capture an illiquidity and complexity premium? 5. What are the liquidity, fee and hedging implications at the total portfolio level? Perpetual Limited Kyle Lidbury, CFA CAIA Alan Logan Amanda Chow, CFA David Blunt, CAIA, GAICD

SEBI has updated its framework for determining the value of AIF investment portfolios. Investments in securities with limited trading or non-traded securities will be assessed using a standardized process by March 31, 2025.

Bfinance report calls for reassessment of investment management fees in new environment #finance #financial #finanzas #finanza

We are excited to announce that the Aoris International Fund has been upgraded to a Recommended rating by Lonsec. Lonsec based the rating on a number of key attributes, including the credentials and experience of the investment team, impressive track record and robust nature of the business. The Recommended rating is a testament to our disciplined investment processes and the Fund’s ability to deliver on its investment objectives. Over five years to March 2024, the Fund’s Class A delivered a return of 17.0% p.a. (after fees), outperforming the benchmark by 4.1% p.a. Aoris has grown to more than $1.3b in Funds Under Management. Well done to the entire team. ----------------------------------------------------------------------------------- This information has been prepared and issued by Aoris Investment Management Pty Ltd ABN 11 621 586 552 / AFSL 507281 (Aoris) as the investment manager of the Aoris International Fund (Fund). The Trust Company (RE Services) Limited ABN 45 003 278 831 is the responsible entity and the issuer of units in the Fund. For general advice only and does not take into account the objectives, financial situation or needs of investors. Read the PDS and Target Market Determination (TMD) available at https://lnkd.in/gMCKKEVU to see if the product is right for you. All investments contain risk and may lose value https://lnkd.in/g3pSx9U

This blog piece also discusses #tailrisk management and #diversification. #GARP

Model portfolios offer a strategic and efficient approach to investment management.

Model portfolios offer a strategic and efficient approach to investment management.

Model portfolios offer a strategic and efficient approach to investment management.

APRA has released a letter to Registered Superannuation Entity (RSE) licensees outlining key observations from a survey of unlisted asset governance practices it conducted in late 2023. Unlisted asset valuation governance practices are a heightened supervision priority for APRA. It called out room for improvement in the use of revaluation triggers for ongoing and interim valuations, the frequency of valuations, and the extent of Board scrutiny of unlisted asset valuations. #privatemarketassets https://lnkd.in/grpV9Dpp

Not all private credit funds are the same. Keyview’s investment strategy is sector agnostic, which means we look for opportunities across the market. Our asset allocation changes over time as we find opportunities offering strong risk adjusted returns for investors while helping corporates augment their business plans. We are aware of but not driven by shifting sector dynamics. Instead, we conduct rigorous due diligence on every counterparty, leveraging our team’s experience along with external expertise to ensure valuations and investor protections are robust. Our capital preservation objective is always central to all due diligence. By focusing on the quality of the opportunity, our portfolios’ sector allocations are ever changing. Further and importantly, even within sectors diversification is material across opportunity type and geography further seeking to avoid building systematic risk within the portfolio. This strategy not only enhances portfolio diversification but also ensures that investors benefit from the best possible outcomes in varying economic climates. Put simply, sector allocations shift but our commitment to capital preservation and strong risk-adjusted returns doesn’t.  #privatecredit #investment #privatemarkets Data as of 30 June 2024. Keyview Investment Management Services Pty Ltd (ABN: 15 667 825005) is a Corporate Authorised Representative (CAR No: 001304647) under the Keyview Investment Management Pty Ltd ABN: 24 665 351726 (AFSL No: 546 246). Keyview Investment Management Services Pty Ltd is the trustee of the Keyview Credit Opportunities Fund. Keyview Investment Management Pty Ltd (AFSL: 546 246) is the trustee of the Keyview Flagship Fund. The information is of a general nature only and does not take into account the objectives, financial situation or needs of any person. Before acting on this information, investors should consider its appropriateness having regard to their own objectives, financial situation and needs and obtain professional advice. No liability is accepted for any loss or damage as a result of any reliance on the information. Past performance is not a reliable indicator of future performance. Future performance and return of capital is not guaranteed. A copy of the Information Memorandum for each fund can be obtained at clientrelations@keyviewfinancial.com.