Fri, May 29, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Australian superannuation fund industry assets surpass A$1.5tln

Friday, July 19, 2013

Bailey McCann, Opalesque New York:

The Australian superannuation fund industry is beating expectations as assets continue to flow in. Global and domestic asset management firms are rushing to be part of the industry which includes both institutional and self-directed funds. The country recently overtook Canada in international rankings of industry size, making it fourth behind the US, Japan and UK.

With compulsory superannuation of all employee salaries set to increase from 9% to 12% by 2019, Deloitte forecasts that these uplifts will increase the superannuation industry from $1.6tln today to over $3tln already by 2020. There are calls for further increases as high as 15%. The Sovereign Wealth Fund Institute offers a full breakdown of this pool as of June, which includes corporate, industry, public sector, retail, and pooled trusts.

Participants in our recent Opalesque Australian Roundtable note some other important shifts happening in the industry - "we have seen a noticeable increase in interest from U.K. and U.S. Fund managers looking to establish businesses in Australia. This ranges from small distribution offices to fund offshore product through to establishing houses here and issuing local product," says Declan O’Callaghan......................

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 TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Iceland’s failed banks face a tax that targets the lenders’ estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltz’s Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltz’s Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltz’s Trian Fund Management’s filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. Opalesque Exclusive: BMO launches multi-strat '40 act fund[more]

    Bailey McCann, Opalesque New York: As we reach new market highs, investors are looking for a way to diversify and protect their portfolios from a potential market correction. Liquid alternatives are rapidly gaining ground as a critical tool for investors to use to mitigate downside risk. The BMO

  5. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AM’s latest Weekly Briefing, in t

 

banner