BlackRock hires head of Australia alternatives
BlackRock has hired Andrew Landman as its new head of alternatives in Australia.
Landman joins BlackRock in the newly created role from Ascalon Capital, a subsidiary of BT Financial Group where he was chief executive officer.
"In today's markets, alternative investment strategies have a greater role to play in institutional and personal portfolios," said Justin Arter, country head of BlackRock in Australia, in a statement. "Low returns are focusing investors on the need for better diversification and alpha generation from the active element of investment portfolios, which is driving Australians to invest in alternatives."
BlackRock manages approximately US$113 billion in alternative assets globally, of which over 20% comes from the Asia Pacific region. The firm offers exposure to hedge funds, fund of hedge funds and advisory, private equity, real estate, infrastructure and a suite of specialized, opportunistic solutions.
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