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

Asia Pacific investors dominate Australian fund scene

Wednesday, November 21, 2012

Beverly Chandler, Opalesque London: A new report from the Financial Services Council and The Trust Company offers a unique insight into funds flowing into Australia, particularly after tax policy changes, introduced in response to the 2009 Johnson Report, Australia as a Financial Centre, Building on Our Strengths.

The Cross-Border Flows Report found that the Asia Pacific region is by far the biggest contributor of foreign fund flows into Australian managed funds, or Managed Investment Trusts (MIT).

Highlights of the report include:

1. 20 (large) fund managers responded to the survey. They managed $33.6 billion of the $65 billion AUM sourced from overseas investors as calculated by the ABS (Australian Bureau of Statistics)

2. Asia Pacific investors accounted for 68% of AUM from offshore investors. Europe accounted for 13%, UK for 9%, and US for just 5%. 3. The largest offshore investor type was other ʻfund managersʼ (55% of AUM), followed by pension funds (18%), ʻown fundʼ (presumably offshore subsidiaries or offshore parent company) at 16%, and sovereign wealth funds (8%). The Johnson Report made 19 recommendations to position Australia as a leading financial services centre in the Asia Pacific region. John Brogden, CEO of the Financial Services Council said: "The Johnson Report identified Australia’s comparative advantage in funds management, an advantage that derives from our proximity to ......................

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. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  2. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  3. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  4. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

  5. Opalesque Exclusive: Foundation returns slide, but commitment to alternatives remains[more]

    Bailey McCann, Opalesque New York: Private and community foundations posted returns of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, according to the latest Council on Foundations–Commonfund Study of Investment of End

 

banner