HFA backs up hedge funds
Hedge Funds of Australia (HFA) has developed software to help advisers explain to their clients the impact of using hedge funds on their portfolio.
The Portfolio Optimizer demonstrates the effect on a portfolio of using HFA's three new absolute return hedge funds or its Australian high yield fund.
The software is being offered free for three months to financial planners who are considering recommending HFA's range of funds to their clients. The software has a built-in time bomb which destroys it after three months so it can be updated by HFA.
HFA managing director Spencer Young says about 400 advisers attended the launch of the group's new international hedge funds and 390 of them have subsequently requested the software.
On top of the free software, HFA has also signed on a number of business development executives to increase service to advisers.
Former Rotschild executive Oscar Martinis has taken on the role of head of distribution alongside the other business development team in HFA's Brisbane and Melbourne offices.
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