Sun, May 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Aussie independent and hedge fund assets reach $279bn

Wednesday, September 18, 2013

Beverly Chandler, Opalesque London:

Aussie hedge fund veteran David Chin’s Basis Point Consulting has just published its 2013 Australian Investment Managers Directory revealing the fact that Australia’s 2009 independent and hedge fund management firms have reached assets of $279bn. Of these, Chin reports that 61 are hedge fund managers with $44bn assets under management while 148 are independent long only absolute return managers with $235bn.

In terms of geography, Sydney continues to dominate as Australia’s financial capital with 66% of firms managing 68% of AUM located in the city, Chin says. Nearly a third of assets, some $85bn is deployed by 55 managers in global markets, such as global/Asian equities, fixed income and global macro. In an interview with Opalesque, Chin said these 55 managers earn export income (technically import-replacement income) that are on par with export revenues from 'high-profile’ export industries in Australia such as passenger vehicles wine and live animal trade.

Chin said: "Based on an assumed 1.5% p.a management fee, annual revenues from these fund managers total $1.28bn. This compares with the $1.35bn earned by the export of cars, $1.92bn earned by wine exports and $1.07 billion in live animal exports."

The 2013 Australian Investment Managers Directory includes independent firms that are either fully or partly owned by staff. It excludes institution-owned firm......................

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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU