Australia’s maturing hedge fund industry seeks local investors

Fri Oct 21, 2011

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Having shown prowess in handling volatility in the markets, it is time for Australian hedge fund managers to court investment from their home turf


 
Damien Jasczyk
 
Tim Hannon
Australia is something of an anomaly in the Asian hedge funds space. It has a plethora of mature, world-class hedge fund managers and yet it tends to be a fairly insular and domestic market.

Overview
The country's stock market itself is mature and sophisticated, with a healthy variety of listed companies. There are ample opportunity to play Asian investment themes, and at the same time Australia's rule of law, tight regulatory environment and legal system are on a par with Europe and the US. There is a substantial domestic financial services sector and a long tradition of Australian managers working in the international capital markets, then bringing their experience and skills home with them.

The hedge fund industry's assets under management stand at $46.5 billion including $32.5 billion in hedge funds and $14 billion in fund of hedge funds, according to data compiled...

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