Monday, April 22, 2013

Aurora targets retail investors with liquid hedge fund


From Financialstandard: The need for daily liquidity is restricting retail investors from satisfying their increasing appetite for alternative investment products, according to Aurora Investment Management.

The US-based hedge fund boutique said that difficult market conditions had led many investors who wouldn't otherwise consider hedge funds, to increase their allocations.  In its Aurora Horizons fund, the hedge fund manager believes it has the key to unlocking the lucrative retail market. Not available to Australian investors yet, Aurora has been in the country sounding out interest from super funds and asset consultants and so far it says the response has been positive.

"It's a multi-strategy fund of hedge funds strategy which focuses on the most liquid ideas from across our investment partners to give our clients the advantage of daily pricing," explained Aurora partner, president and portfolio manager Scott Schweighauser….

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