Phillip Towzell

BAML seeks to generate absolute returns while focusing on capital preservation through investment and trading in listed and unlisted equity and derivatives markets in the Asia Pacific region, including Australia and Japan. The firm’s Asia Pacific multi-strategy fund has 3 complimentary equity and equity derivative based sub-strategies: share class arbitrage; special situations and long volatility trading. The Bennelong Tempest Fund seeks protection against market stress and tail-risk events. The strategy is designed to be negatively correlated to underlying asset classes, predominantly using long options globally across equities, currencies, commodities, fixed income and credit. The Bennelong Dragon Trading Fund is a long/short equity fund with an Australasia focus and long volatility overlay adding convexity to the portfolio.

Queenscliff Partners utilizes fundamental and technical analyses to identify and appropriately express differences between intrinsic value and market valuation in emerging markets globally. Macro views on global, country and local conditions and trends are combined with bottom-up analysis to arrive at the optimal asset or product type to fit an investment theme profile, whether in currency, commodity, interest rate, debt or equity investments. Queenscliff seeks to generate substantial returns for their through investments in global emerging markets securities across various asset classes. The firm may also seek exposure to emerging markets directly through investments in issuers located in developed markets and through instruments referenced in emerging market securities. Queenscliff may invest in developed markets as well and seeks to achieve their objectives with minimal correlation to global equity and bond markets. They endeavor to achieve returns for their funds through investments in short, medium and long-term investment opportunities. Queenscliff's investment program is pursued by strategies of both active trading and investments primarily in: (1) equities and related instruments (2) sovereign and corporate credit and related instruments (3) foreign exchange, fixed-income and related instruments and (4) commodity derivatives and related instruments.