{"id":10134,"date":"2009-03-19T00:00:00","date_gmt":"2009-03-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bennelong-sgi-to-start-hedge-fund-to-invest-in-global-equities","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/bennelong-sgi-to-start-hedge-fund-to-invest-in-global-equities.html","title":{"rendered":"Bennelong SGI to Start Hedge Fund to Invest in Global Equities"},"content":{"rendered":"<p>Bloomberg &#8211; Bennelong Funds Management, an Australian fund manager with A$400 million ($271 million), will start a second hedge fund to ride through the financial crisis as it seeks to more than double funds under management. <\/p>\n<p>Melbourne-based Bennelong wants to boost the assets it oversees to A$1 billion in the next three years, Jarrod Brown, chief executive officer, said yesterday in an interview in Sydney. Bennelong teamed up with Security Global Investors LLC to offer a long-short global equities fund in coming weeks to follow a long-only global fund the two began this month, he said. <\/p>\n<p>SGI will manage the global funds under the Bennelong SGI name to gain access to Australia&rsquo;s A$1.2 trillion dollar pool of managed funds after the $1.36 trillion hedge fund-industry shrank by more than 20 percent last year, and averaged losses of about 19 percent, the worst year on record. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601081&#038;sid=a_YDmnzAzDxg&#038;refer=australia\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Bennelong Funds Management, an Australian fund manager with A$400 million ($271 million), will start a second hedge fund to ride through the financial crisis as it seeks to more than double funds under management. Melbourne-based Bennelong wants to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1570,4439,3518,9238,5390,4726,8957,5592,920,966,2125,129,9237,5363,7671,236],"class_list":["post-10134","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-billion","tag-assets","tag-australia","tag-bennelong","tag-chief-executive-officer","tag-financial-crisis","tag-funds-management","tag-global-fund","tag-global-equities","tag-global-funds","tag-global-investors","tag-losses","tag-melbourne","tag-pool","tag-sydney","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10134"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10134\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}