Komfie Manalo, Opalesque Asia: You really can’t argue with success. After years of being overlooked in favor of their more high-profile Western peers and the nation’s $2.4tln pool of superannuation savings, Australian hedge funds are finally having their day and are attracting the attention of international investors.
While most hedge funds across the globe are struggling with their returns, Australian-focused funds are having a field day. Over the past five years, Australian equity hedge funds have beaten a broader global index by roughly seven percentage points per year, reported the Financial Review.
An index of Australian long/short equity funds recorded cumulative returns of 180% over ten years compared to global funds that returned 78%, while the S&P/ASX 300 Accumulation Index gained just 73% during the same period.
Some of the Australian hedge funds that have established solid track records trading in Australian shares include Regal Funds Management, Tribeca, Bennelong, Perpetual, Watermark, and Ellerston. Other emerging funds such as LHC, KIS, Paragon, Totus and Auscap have also generated strong gains since their respective inceptions.
As proof that Australian hedge funds are getting positive attention from international investors, Jonathan Horton of leading Australian fund-of-funds NWQ said that his company has received o...................... To view our full article Click here
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