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Alternative Market Briefing

Australian hedge fund industry is teeming with opportunities

Tuesday, June 25, 2013

amb
John Corr
From Komfie Manalo, Opalesque Asia:

Hedge fund managers who attended the latest Opalesque 2013 Australia Roundtable (sponsored by Eurex and Australian Fund Monitors) agreed that the Australian hedge fund industry is teeming with opportunities across several strategies. They discussed event driven and activist opportunities further, as well as current opportunities (also for retail investors) coming from domestic banks and lower interest rates.

John Corr of Aurora Funds Management Group and manager of the Aurora Fortitude Absolute Return Fund, when discussing recent developments in the Australian hedge fund industry, said listed hybrids issued by Australian domestic banks have very attractive buyer terms which retail investors are selling in the short term to fund some new issues that are less attractive. "So we believe we are in a good spot, we are seeing inflows and we are excited about higher returns," he said.

He added, "One important development and good piece of news is that the industry continues to see retail inflows. What also helped the industry build FUM is the fact that Australian interest rates have come down. The Australian commercial banks have basically re-capitalized, and they......................

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