MLC Appoints DGAM as Hedge Fund Advisor
TORONTO, ONTARIO -- (Marketwire) -- 10/15/12 -- MLC, the wealth
management division of the National Australia Bank, has appointed
Diversified Global Asset Management Corporation ("DGAM"), a leading
institutional alternative investment manager and advisor, as its
hedge fund advisor.
MLC conducted a global search for a partner to expand its coverage of
alternative investment managers and strategies. MLC expects to grow
its hedge fund assets from A$500 million to over A$1 billion over the
next 12-18 months.
Gareth Abley, Head of Alternative Strategies at MLC said: "We
selected DGAM based on their combination of investment, advisory and
risk management knowledge and experience. We are confident that DGAMs
expertise will help us build on MLC's strong track record in this
space and enable us to deliver the complementary net return stream
that will enhance our client's diversified portfolios."
"We are excited to partner with MLC to broaden its investment
capabilities, and believe our shared ethos will produce a successful
outcome for MLC" said Warren Wright, Chief Investment Officer and
co-founder of DGAM.
This partnership with MLC expands the advisory work that DGAM
currently carries out on behalf of some of the largest and most
sophisticated institutional investors around the world. DGAM's
advisory business applies the firm's considerable experience
investing on behalf of global institutional investors. This growing
segment of DGAM's business is a natural complement to its hedge fund
portfolios, which have generated market leading risk adjusted
"We look forward to expanding our advisory offering to a select group
of institutional investors globally" said Graham Thouret, President
and co-founder of DGAM.
Based in Toronto, Canada, DGAM was founded in 2004 and currently
manages and advises on over US$5 billion of hedge fund assets. DGAM's
industry leading investment and operational risk management have
contributed to its strong, consistent performance since inception.
The firm is employee owned and invests on behalf of an institutional
client base, which includes some of the world's largest public and
private pension funds, endowments and sovereign wealth funds.
Based in Sydney, Australia, MLC is the wealth management division of
the National Australia Bank (NAB). MLC provides investment,
superannuation, insurance and private wealth solutions to corporate
and institutional customers. MLC is the partner of choice for more
than 1,800 self-employed aligned and salaried advisers in Australia.
MLC is committed to growing and fostering its relationships with more
than 4,000 independently owned and licensed advisers who choose MLC's
financial solutions to meet the needs of their clients. MLC manages
A$123.5 billion on behalf of individual investors and corporate
customers in Australia.
Diversified Global Asset Management Corporation (DGAM)
+1 416 644 8254
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