Sat, Jul 2, 2016
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
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. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.