Independent Investment Research - WAM Alternative Assets Limited
Full Report available at indepedentresearch.com.auWAM Alternative Assets Limited (ASX: WMA), formerly Blue Sky Alternative Access Fund Limited, is a Listed Investment Company (LIC) that provides exposure to a portfolio of alternative assets including real assets, private equity and real estate. The Company has expanded into infrastructure since taking over the management of the portfolio and will be seeking to expand into private debt. The Company will gain exposure to these asset classes through an investment in a portfolio of funds and co-investments where opportunities arise.
The Company seeks to deliver absolute returns through a combination of income and capital growth, while providing the diversification benefits of alternative assets. Wilson Asset Management (International) Pty Ltd (WAMI) was appointed the Manager of the portfolio in September 2020 after shareholders approved the appointment. The Manager has taken over the management of the portfolio (“legacy portfolio”) and will seek to deploy the available capital and redeploy the invested capital when the underlying investments are realised/ exited over the next four years. The Manager will be employing a new investment strategy to the previous manager, with the Manager seeking to take more meaningful positions
in the underlying investments and realign the portfolio with the broad macroeconomic trends identified by the Manager. The Manager will also seek to invest the portfolio to be able to achieve the investment objectives which include generating an income stream for shareholders.
Independent Investment Research, "IIR", is an independent investment research house based in Australia and the United States. IIR specialises in the analysis of high quality commissioned research for Brokers, Family Offices and Fund Managers. IIR distributes its research in Asia, United States and the Americas. IIR does not participate in any corporate or capital raising activity and therefore it does not have any inherent bias that may result from research that is linked to any corporate/ capital raising activity.
IIR was established in 2004 under Aegis Equities Research Group of companies to provide investment research to a select group of retail and wholesale clients. Since March 2010, IIR (the Aegis Equities business was sold to Morningstar) has operated independently from Aegis by former Aegis senior executives/shareholders to provide clients with unparalleled research that covers listed and unlisted managed investments, listed companies, structured products, and IPO's.
IIR takes great pride in the quality and independence of our analysis, underpinned by high caliber staff and a transparent, proven and rigorous research methodology.
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