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Hedge fund manager navigates big December-quarter jump

Hedge fund manager Navigator Investments added more than $US1.14 billion to its assets under management during the December quarter.

Jan 15, 2021, updated Jan 15, 2021
Collection House has called in the administrators

Collection House has called in the administrators

The company, which is the Brisbane-based parent of alternative American investment manager Lighthouse Investments, said its assets under management jumped to $US13.15 billion during the quarter from $US11.99 billion in September.

On a net basis, inflows were relatively flat at $US20 million, but a strong investment performance saw the AUM jump.

Its diversified fund had a 5.6 per cent increase in December while its long/short fund grew by 6.1 per cent which gave it a 22.3 per cent increase for the year.

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Earlier this week Navigator said the strong December quarter performance meant its performance fee would add $4.5 million to its operating earnings for the half year.

Navigator shares were up 6 per cent in morning trade.

 

 

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