Partners Group, the Switzerland-based global alternative asset manager, has collaborated with JANA Investment Advisers in the launch of a new multi-manager hedge fund product, JANA TriplePoint, in Australia.
The JANA The JANA TriplePoint Fund is a core-satellite product based on the principle of alpha-beta separation. The product will include an allocation to alternative beta strategies and uses Partners’ Group managed account platform. The launch has been well-received and an initial invested amount of approximately A$300 million is expected by the end of the year.
Michael O’Dea, principal at JANA, said: We chose to cooperate with Partners Group based on their managed account platform, which offers sophisticated risk management and high levels of both liquidity and transparency. This, coupled with the cost-efficient portfolio structure of separating alpha and beta including alternative beta strategies, addresses some of the major criticisms of the hedge fund industry.