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Alternative Market Briefing

Australia’s hedge fund industry seen to exceed $100bn

Monday, September 07, 2015

Komfie Manalo, Opalesque Asia:

The size of the Australian hedge fund industry is projected to exceed $100 billion, as institutional investors look for alternative sources of income amidst flat debt and equity market landscape, said the Alternative Investment Management Association (AIMA).

According to AFR, Australia’s hedge fund sector could realize this milestone soon because pension funds are looking for investment opportunities that will provide them better yields.

Latest data from the Australian Securities and Investments Commission (ASIC) showed that the Australian hedge fund sector manages $96.9 billion, after rising 45% between 2012 and 2014.

Hedge funds manage only a small share of Australia’s $2,407 billion managed funds industry, said ASIC in July. Single-manager hedge funds ($83.7 billion) and funds of hedge funds ($12.2 billion) managed 3.5% and 0.5% of all Australian managed fund assets respectively. More than half of these hedge funds hold less than $50 million each.

Paul Chadwick, AIMA – Australia chairman said, "We're at an inflection point, where subdued equity and debt markets are setting an extremely positive backdrop for hedg......................

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