The inaugural Triple A Partners/ Basis Point Consulting Australian Hedge and Boutique Fund Directory launched today (17 September) has found:
- 165 hedge and boutique investment management firms control US$218.8 (A$208.4) billion, equivalent to 17% of the US$1.25 trillion (A$1.19 trillion) managed by all investment managers in Australia.
- The industry eclipses Hong Kong’s US$38.8 billion in hedge fund & long-only absolute return assets, and Singapore’s US$21.1 billion sector.
- For the first time in Australia, the directory identifies and profiles 102 independently-owned boutiques (predominantly long-only, benchmark-unaware strategies) with US$173.9 billion in assets under management (AUM), and 63 hedge fund firms with US$44.9 billion in AUM.
- The top 10 Australian CTAs/global macro/FX and risk overlay firms control US$22.8 billion.
- More than US$63 billion (roughly 30% of sector AUM) is deployed by Australian managers into global markets such as global and Asian equities, global fixed income and global macro. This US$63b figure is larger than Hong Kong and Singapore combined in non-Australian (ie global) investment strategies.
The directory (56-pages, hard-copy only) is sponsored by: Gold: Merrill Lynch, NYSE Euronext; Silver: Moore Stephens, Singapore Exchange, TMF FundServices; Bronze: EUREX, Predicted Markets, & UBS Fund Services.
The directory is produced by Basis Point Consulting, (established 1996 by David Chin, a former head of marketing at Sydney Futures Exchange). Basis Point is a Sydney-based funds and derivatives consultancy with global exchanges and Asia-Pacific government entities as clients.
Directories to the value of $70,000 are now available free to qualified pension (super) funds, sovereign wealth funds and family office investors on a ‘first come first served’ basis.
For others, the cost is A$396. (US$410). Details at info@basispoint.com.au, www.basispoint.com.au
Top 5 hedge fund investment managers
|
Firm |
Strategy |
AUM $m |
|
Platinum Asset Management* |
Global equities – net long positions of 50% or more |
14444 |
|
Blackrock Investment Management Australia |
Australian equities – long/short, global macro & multi strategy hedge funds |
5800 |
|
GMO – Systematic Global Macro Trust |
Global macro |
1976 |
|
Macquarie Group – MQ Specialist Investment Management |
Asian equities – non-systematic quantitative market neutral equity |
1600 |
|
PM Capital |
Australian equities, Australian fixed income, global equities |
1600 |
Source Basis Point Consulting Estimates as at 30 June/July 2012. *Platinum is noted as a boutique in the directory. However, the firm is listed in this table as a hedge fund to be consistent with global hedge fund surveys which have included Platinum in their tables.
