Fri, Nov 28, 2014
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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed