Wed, Jul 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Self-managed super funds promise growth for Aussie hedge funds but local investors still reliant on consultants, which makes capital raising challenging

Wednesday, March 24, 2010

From Sagar Chakraverty, Opalesque Asia:

"If we contrast Australia to overseas, we are an immature industry. There are very few funds here with 10 years of track record. There are very few organizations with the robustness and stability to prove they can do something through time, when the markets fail," Adrian Redlich, CIO of Merricks Capital, an alternative funds manager based in Melbourne, said in the Opalesque Australia Roundtable 2010 sponsored by Sydney-based hedge fund consultancy Australian Fund Monitors.

Nevertheless, the domestic Australian hedge fund industry protected investors during the 2008 crisis, losing only 17.74% compared to a 40% drop in the Australian Securities Exchange (ASX). Out of 200 plus managers in this market, 50 managers returned positive performance and across the entire Australian hedge fund industry, 90% of managers outperformed the ASX200.

For those investors that did request to redeem funds during the financial crisis, Australian fund managers were also well prepared to meet liquidity needs, and Chris Gosselin, CEO of Australian Fund Monitors pointed out, "Australian managers, with the exception of fund of funds, had an excellent track record when it came to meeting the redemption flood of 2008 and early 2009."

The $1.1tln domestic investments target Se......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  4. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  5. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

 

banner