Fri, Oct 31, 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
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. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some