Australian Hedge Funds Blessed with Healthy Retail Inflows & International Interest
Summary
As a consequence, this towering pool of pension assets has also attracted interest from U.K. and U.S. Fund managers looking to establish businesses in Australia.• Using retail financial advisors and dealer groups to place hedge funds • The attractiveness and how to approach the Australian high net worth sector • Opportunities: - Secondary placements and IPOs are picking up in the Australian market - Listed hybrids and global resources equities - Event-driven strategies and special situations such as spin-offs, divestitures and corporate reorganizations as well as some activist driven strategies - Opportunities created by banks retreating from traditional activities • How demographics influence investor behavior • Unorthodox capital sources for Australian start-up managers • Should investors insist on daily liquidity?Based on a historically strong equity culture, the self-managed superannuation investor takes personally charge managing his pension assets, mainly because he or she is unhappy with the advice they got or the offerings of the institutional super funds.Superannuation assets set to double in seven years to $3tlnAccording to Deloitte, over the last six to 12 months retail investors have expressed more interest in hedge funds than in the previous five years combined.John Corr’s fund for instance didn’t have a negative month in 2008.What also helped the industry gather assets is the fact that Australian interest rates have come down.Russel Pillemer, CEO, PenganaThe group discussion explored the following themes:• Why do Australian managers outperform?• Using retail financial advisors and dealer groups to place hedge funds• The attractiveness and how to approach the Australian high net worth sector• Opportunities:- Secondary placements and IPOs are picking up in the Australian market- Listed hybrids and global resources equities- Event-driven strategies and special situations such as spin-offs, divestitures and corporate reorganizations as well as some activist driven strategies- Opportunities created by banks retreating from traditional activities• How demographics influence investor behavior• Unorthodox capital sources for Australian start-up managers• Should investors insist on daily liquidity?Access the Opalesque Roundtable Series - Australia 2013: http://www.opalesque.com/RT/RoundtableAustralia2013.htmlThe Opalesque Roundtable Series highlights fundamental developments within the global hedge fund and alternative investment industry, a full archive with over 80 Roundtable scripts can be accessed here: http://www.opalesque.com/Archive-Roundtable.htmlMatthias Knab, founder of Opalesque and internationally recognized expert on hedge funds and alternatives, moderates the Opalesque Roundtables.