Business Services Industry
Investors take a closer look at offshore opportunities.
Australasian Business Intelligence, November, 2005
Byline: Adam Courtenay
Nov 08, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Lack of supply in the Australian alternative investment market in 2005 is forcing fund managers to look overseas. MLC Investment
Management has been investing in offshore venture capital and management buyout funds since 1997. It is investigating more offshore options, including distressed debt funds. Macquarie Financial Services invests in a London-based absolute return fund, while the unrelated Macquarie Bank is expanding
into the international property market. BT Financial Group has taken a different approach, sticking with Australian hedge funds and commodities....
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