Thu, Apr 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

Aussie independent and hedge fund assets reach $279bn

Tuesday, October 01, 2013

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 firms except where they offer hedge funds. Also excluded are property and private equity firms, Chin explains, unless they invest in listed property/PE stocks.

 
This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence
Banner
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. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  4. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo

  5. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an