Diversified Global Asset Management Corporation (DGAM)

Diversified Global Asset Management Corporation (DGAM)

October 15, 2012 07:12 ET

MLC Appoints DGAM as Hedge Fund Advisor

TORONTO, ONTARIO--(Marketwire - Oct. 12, 2012) - 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 returns.

"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.

About 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.

About MLC

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.

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