ASIC review of hedge funds sector

Introduction

The Australian Securities & Investments Commission (ASIC) has provided an overview of the Australian hedge funds sector and included in its report the results of ASIC's 2014 hedge funds survey, which covers the 12 months to 30 September 2014. The survey was conducted partly in response to the request made by IOSCO of its members to survey their large hedge fund managers, and reflects continuing regulator interest in the sector. ASIC's 2014 hedge fund survey collected data from 18 Australian based managers (each with more than $571 million in hedge fund assets under management) and referenced 27 hedge funds which had assets under management of $37.1 billion (two of these funds were based outside of Australia).