Colonial pitches hedge funds to dealers
Colonial First Stateis set to launch the first of its Hedge Fund Accreditation Program sessions to dealer groups in Melbourne tomorrow when it presents to theING-owned RetireInvest, Tandem and Millenium 3 dealer groups.
According to Colonial the sessions will have a strong focus on education and the different investment strategies employed by hedge funds, rather than being strictly product focussed presentations.
“Hedge funds are increasingly being perceived as a mainstream investment class providing the potential for capital preservation, longer term growth and strong active returns,” Colonial head of hedge funds David Bell says.
The initiative will also kick off in Sydney on Thursday, with Bell — the program designer — saying, “Hedge funds are complex investments and further education is required in the financial planning community to increase awareness about the choices available and their place in the construction of a client's portfolio.”
According to CFS, the program is designed to provide attendees with a comprehensive and rigorous understanding of key issues, as well as assisting them in dealing with the challenges of hedge funds and client portfolio construction in a practical way.
Bell replaced Damien Hatfield as the group’s head of hedge funds earlier in the year, after the latter joined Pengana Capital as managing director of hedge funds.
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