Sun, Apr 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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.
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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

  4. Update: Wall Street has strong feelings about Jon Corzine trying to make a comeback[more]

    From Businessinsider.com.au: Former New Jersey Governor Jon Corzine is thinking about starting his own hedge fund, according to the Wall Street Journal, and because of the way his last firm imploded, Wall Street has strong feelings about that. “Truth is the larger seeders would never give him money

  5. Opalesque Exclusive: Cybersecurity and hedge funds - A manager’s experience, Part Four[more]

    Benedicte Gravrand, Opalesque Geneva: Ruane, Cunniff and Goldfarb, Inc. used to have their own IT infrastructure. Todd Ruoff, Executive Vice President in charge of trading, operations and technology, was responsible for its maintenance. Then he started looking at outsourced providers a couple of

banner