Thu, Nov 12, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Australian hedge funds suffer from 'travel time' scenario despite strong performance

Friday, September 11, 2009

By the Opalesque team:

Ahead of the 2009 Australian Hedge Fund Awards, to be held next week in Sydney, Damien Hatfield of Sydney-based firm Hatfield Advisors, who is part of the Awards Committee, recalls some of the Australian hedge funds' good performance.

In the Hedge Fund of the Year category, the top fifteen included Blackrock, Aviva, Macquarie (MQ) and QIC, Hatfield reports, and the small boutiques Kohinoor, Excalibur, Fortitude, Astral, Argus and Kapstream were also included.

Out of the top fifteen, Kohinoor produced 73% for 2008. Argus and Blackrock produced more than 40% returns for 2008. Kapstream and Fortitude produced 7.35% and 12% respectively, which were excellent numbers considering they are Credit & Fixed Income and Market Neutral Equity, respectively. Excalibur, a Sydney based currency manager, returned 12% but annualised close to 20%. Aviva had an outstanding result in their interest rate fund, which produced 16% in 2008. QIC have performed consistently over a considerable number of years with 9% for 2008 in their Global Fixed Interest Fund.

In the numbers to June 30, 2009, nearly half the Aussie managers were positive over the twelve month period, Hatfield says. To his knowledge, few managers gated or even shut down. However, the "ATM" effect hit local managers hard. Australian managers, irrespective of performance, saw significant redemptions. Looking at the numbers, it occurred to me that asset size is a problem, even for the bi......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: DACH institutions push alternatives to 32.3% of portfolios as hedge funds make a comeback[more]

    Matthias Knab, Opalesque for New Managers: Institutional investors in Germany, Austria and Switzerland now hold almost a third of their portfolios in alternative investments, and they are more confident than ever in

  2. KRX chief courts CalPERS for bigger bet on Korea[more]

    Korea Exchange Chairman and CEO Jeong Eun-bo held talks with California Public Employees' Retirement System, or CalPERS, to promote greater investment in South Korea's capital markets, the bourse operator announced Wednesday. Jeong met with CalPERS Chief Investment Officer Stephen Gilmore.

  3. 755 Unicorns, $8 Trillion: Fifth Era maps the autonomous digital economy[more]

    Matthias Knab, Opalesque for New Managers: Fifth Era Partners, a specialized asset manager focused on the convergence of Internet, AI/Agentic and Blockchain technologies, has released the findings of its 13th Bia

  4. Opalesque Exclusive: "Enough beta plays" - how Fasanara builds an alpha-only multi-strategy platform[more]

    Matthias Knab, Opalesque for New Managers: Most multi-strategy funds promise diversification. Fewer can explain why their return streams should stay independent when markets turn. In an Opalesque SkillsLab investor

  5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

    Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m