Monday, 29 December 2014
Last updated 23 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.