Hedge Funds

Aussie family giant invests with Candela


Candela, the long-running long/short European equity fund run by John Barden and Anthony McCarthy, has attracted a significant new investor in the form of a partnership with the investment arm of one of Australia's most successful family-owned businesses.

The Tenix Group is owned by the Salteri family, whose patriarch Carlo Salteri first arrived in Australia from Italy in 1951 and went on to become one of the country's most successful business-builders.

Since the group sold its defence arm to global defence giant BAE Systems last year for A$775 million, Tenix - which is now chaired by Carlo's elder son Paul