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By Beverly Chandler, Opalesque London:
The participants in May’s Australia Roundtable, held this year in Melbourne, came together in part to celebrate veteran hedge fund manager Julian Robertson’s view that Australian fund managers are a breath of fresh air.
The Australian Roundtable, sponsored by Eurex, SunGard and Australian Fund Monitors, discussed the type of investors who preferred Australian hedge funds.
Chris Gosselin, founder of Australian Fund Monitors pointed out that mostly if outsiders look at the Australian investor base, they are commenting on the superannuation industry, which is a compulsory pension fund system. Gosselin explained: "Under the regulations employers have to pay a
minimum of 9% of every employee's salary to a registered fund. That is being increased to 12% over the next few
years.
The total superannuation pool now stands at around A$ 1.4 trillion ($1.37trillion) and is of course rising. However, it is important to
understand that 36% of the entire A$1.4 trillion ($1.37trillion) superannuation pool is now managed by what we call self-managed
superannuation funds or SMSFs".
Gosselin explained that these are essentially individuals who want and are able to manage and be responsib...................... To view our full article Click here
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