Sunday, 24 May 2015
Last updated 2 days ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…