Currrent News for October 2005

Hedge Funds Rock Out in Australia 

On Thursday 29th September 2005, 550 rockers came together for Hedge Funds Rock and the inaugural Australian Hedge Funds Awards. The evening was a huge success with fund managers letting their hair down for one night to celebrate fi nancial and charitable success.

With headlining performances by The Radiators, Sistermadly and Typhoon, the Hedge Funds Industry ‘rocked out’ in recognition of their massive contribution to children’s cancer charity Cure Our Kids. This year’s Hedge Fund Directory & event, raised an impressive $260,000 for the charity, bringing the amount raised over the past 4 years to a massive $740,000.

 Hedge Funds Transforming the Investment Landscape

As a way of achieving out-performance, the recent unprecedented surge in the demand for hedge funds will ease as the industry commoditises, according to a study published by KPMG International.

The study presents the views of 550 top executives in 35 countries, including New Zealand, involved in hedge funds, their administration, prime broking, mainstream fund management and pension funds; with combined assets worth US$ 23 trillion.

It shows that the worldwide growth in hedge funds has been fuelled by the prolonged bear market and the inflow of top talent capable of generating high returns. Their impact has been petering out at the time when the number of start-ups has increased considerably.