Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
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......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1