Australian Hedge Fund Industry Tops A$42 Billion

Sep 18 2012 | 11:05am ET

Australia's hedge funds now manage more than those in either Hong Kong or Singapore, as institutional investors Down Under flock to the sector.

The 63 hedge funds in the Triple A Partners/Basis Point Consulting Australian Hedge and Boutique Fund Directory boast A$42.8 billion (US$45 million) in assets under management. That compares with $37 million managed by hedge fund in Hong Kong and A$20 billion in Singapore.

Aussie hedge funds and boutique asset managers now manage a combined A$208.4 billion, thanks in no small part to growing allocations from the country's superannuation funds.

What's more, some of the biggest firms are using their good fortune to expand to the Asia-Pacifc region.

Platinum Asset Management is Australia's largest hedge fund firm, with A$14 billion, followed by Blackrock Investment Management Australia with A$5.8 billion, GMO Australia's Systematic Global Macro Trust with A$1.9 billion, Macquarie Group's MQ Specialist Investment Management with A$1.6 billion and PM Capital, also with A$1.6 billion.

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