The rapidly growing Perth-based, boutique investment firm, NWQ Capital Management (“NWQ”), is pleased to advise that its flagship NWQ Fiduciary Fund has achieved the number one ranking for risk-adjusted performance for Asia-Pacific (ex-Japan) fund-of-hedge-fund investment products from the influential Eurekahedge research house.
The top ranking, achieved at the end of July, compared 52 funds which invest in hedge funds in the Asia-Pacific. Since April 2014 the NWQ Fiduciary Fund has maintained a 95th percentile or better ranking for risk-adjusted performance against 752 global peers, according to Eurekahedge.
NWQ’s Fiduciary Fund also ranked as the number one multi-strategy fund-of-hedge fund in Asia Pacific in terms of the absolute value of maximum drawdown which measures the avoidance of capital losses.
Since inception in May 2013, the NWQ Fiduciary Fund has achieved equity-like returns, outperforming the ASX 200 accumulation index, at one-third of the volatility – a risk level comparable with the Bloomberg IG Australian Corporate Bond Index.
NWQ Chief Executive Jonathan Horton said he was delighted with the latest recognition of the success of the group’s unique investment strategy focused on the Australian hedge-fund market.
“This is a strong endorsement of our belief that investors seeking low-risk solutions for achieving strong equity-like returns need not look to the traditional financial capitals of Hong Kong, London, New York or even Sydney – we are consistently achieving impressive results locally, in Perth,” Mr Horton said.
“Our Fiduciary Fund strategy of investing across a diversified portfolio of carefully-selected Australian cash, fixed-income, and equities managers with a strong ‘absolute return’ focus has been successful historically and we believe will continue to exhibit superior returns, as signs of greater risk emerge in the global economy.”
In June NWQ completed a substantial private equity raising which introduced new major shareholders including Hoperidge Capital, the private investment company of Mr Rod Jones, CEO and founder of leading global education provider Navitas Limited; and the family office of Mr James McClements, co-founder of the multi-billion dollar mining-focused global private equity firm Resource Capital Funds.
The investment underwrote a new national footprint for NWQ which had previously focused predominantly on family offices, high net worth individuals, non-profit organisations, indigenous trusts, superannuation funds and similar organisations in its local West Australian market.
Jon Biesse, Hoperidge Capital’s Chief Investment Officer said the recognition from Eurekahedge builds on the strong track record NWQ has established over the past several years.
“NWQ’s model of reducing volatility by investing in a carefully selected, well understood and uncorrelated portfolio of Australian hedge funds is becoming increasingly relevant for a growing number of sophisticated Australian investors,” Mr Biesse said.
NWQ oversees both its Fiduciary Fund – which invests across a portfolio of carefully-selected Australian cash, fixed-income, and equities managers – and separately managed individual accounts for clients, like endowments and charities that require customisation.
Eurekahedge is the industry standard database and the world’s largest alternative investment funds research house, covering more than 30,840 funds, across all strategies and asset classes.