For possibly the first time ever, retail investors in Australia have been given access to a widely d...
For possibly the first time ever, retail investors in Australia have been given access to a widely diversified portfolio of international hedge funds. The Coastal Magnum Diversified Performance fund, an Australian fund that is managed by Sydney-based Coastal Capital, is being offered to both retail and wholesale investors in Australia and New Zealand. The fund is being run jointly by Coastal and Magnum Fund Management, a specialist hedge fund management group. By investing in 15 diversified and non-correlated hedge funds, it aims to give a 15% to 25% return in both rising and falling ma...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes