Speaking at a breakfast conference in Sydney yesterday, Mr Sowerby said the diversified offering will increase the accessibility of alternative assets for retail and semi-wholesale groups as well as smaller institutions.
The fund will follow a ‘black box’ model that involves using computer algorithms and automated strategies with the aim of delivering a compounding net of 15 per cent to investors.
Mr Sowerby said increasing the accessibility of alternatives for a greater number of investors will be one of the main challenges for the business going forward.
“Delivering our product to everybody and giving everybody access is the next big thing,” said Mr Sowerby.
“Not everybody can choose to go into a private equity or a property hedge fund or whatever it might be - they don’t have that sophistication,” he said.
As a result, he believes this diversified product will be important is providing investors with this access.
“I don’t think that there’s any doubt we’re going to see more and more allocation to alternatives over the next five to 10 years and I think we’re right at the front of that curve,” he said.
