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From Komfie Manalo, Opalesque Asia :

Hatfield Liptak Advisors (HLA), the Sydney-based hedge fund consultant, released its “Australian Managed Funds and Hedge Fund Review 2008” on 09-Mar-09 which predicted the Australian managed fund industry to be the largest in the Asian region by the end of 2010. The main driver for this growth is compulsory contributions to superannuation (Australian pension schemes), which requires all employers to contribute 9% of their employee’s wages each year.

The growth in this pool has been rapid, with the consolidated assets of managed funds less than A$200bn (US$137.3bn) in 1990, to A$545bn (US$374bn) in June 2000 and A$1.132tln (US$777.04bn) as at 30 September 2008.

The report looked at the performance of three important hedge fund strategies: Australian manufactured long short equity, Australian manufactured CTA and Macro and the average return of Fund of Hedge Funds invested into by Australian investors. HLA noted the solid outperformance of domestic products compared to their global peers and the good risk adjusted returns of Fund of Hedge Funds that Australians have accessed.

Performance of the Australian hedge funds and fund of hedge funds industry There is a large positive performance gap between the average locally manufactured hedge fund performance and that of global peers in the same strategy. HLA said that the best performing sectors, CTAs and Global Ma......................

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