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Asia Pacific Intelligence

A snapshot of the hedge fund industry in Oz from Preqin

Thursday, December 05, 2013

Industry researchers Preqin focussed on the Australian hedge fund industry in its latest report.

The firm found that Australia is the most important source of institutional capital for hedge funds in the Asia-Pacific region, with the country representing more than 30% of the entire regional hedge fund investor pool. This, the firm says, can mainly be attributed to the well-developed pension system in Australia, which is traditionally a mainstay of the institutional investor landscape.

Preqin's Hedge Fund Investor Profiles currently tracks over 110 institutional hedge fund investors based in Australia, and over 50% of these investors are superannuation schemes. Aside from superannuation schemes, Australia's sovereign wealth fund, Future Fund, features prominently as the largest investor in the country and one of the biggest investors in hedge funds in the Asia-Pacific region. "On top of a well-developed institutional investor landscape, Australia also plays host to a very active hedge fund industry" the report finds.

Preqin's Hedge Fund Analyst shows that nearly 18% of Asia-Pacific-based hedge fund managers are based in Australia, with the country behind only Hong Kong and Singapore. "The industry is dominated by long/short strategies; 38% of Australia-based funds use a core long/short equity strategy, while 8% utilize a long bias approach. This is far ahead of the next most common strategy, macro, which represents 21% of managers, including 11% with a managed futures/CTA strategy. Unsurprisingly, the majority of managers are based in Sydney, including the largest hedge fund manager in Australia, Platinum Asset Management.

This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
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