H3 Global Advisors Targets Sovereign Wealth Funds to Grow Assets
| October 7th, 2009 | ||
| H3 Global Advisors, the Australian hedge fund manager, has begun reaching out to sovereign wealth management funds in an effort to double its assets under management by end of 2010, according to Bloomberg. Although H3 does not currently manage any sovereign wealth capital, the firm wants to take advantage of the segment’s growing demand for alternative investments and believes sovereign funds could represent 20% of assets by 2011. Andrew Kaleel, H3’s co-founder, announced plans to approach Korea Investment Corporation, Government of Singapore Investment Corporation and Abu Dhabi Investment Authority, among others. | ||
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