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Mark Burgess From Precy Dumlao, Opalesque Asia:

Large Australian institutional investors, particularly those which are focused in absolute return space, are more interested in allocating offshore as scale and ticket size of domestic hedge fund managers are their biggest concerns, agreed hedge fund managers who attended the latest Opalesque Australia Roundtable held in Melbourne.

The Australian Roundtable, sponsored by Eurex, SunGard and Australian Fund Monitors, discussed the type of investors who preferred Australian hedge funds.

Commenting on the observation made by Julian Robertson during his last visit in Australia in March 2011, Mark Burgess, Principal of Kardinia Capital and Portfolio Manager of the Bennelong Kardinia Absolute Return Fund, believes there is a concern over the capacity of domestic managers. A minimum allocation for the larger investors is estimated to be between $50 and $100m which would represent a very large percentage of assets under management for most domestic fund managers. This capacity makes most domestic managers off-limits to large institutional investors.

Burgess exp......................

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