Deals
Global Funds Eye Australia's $1.8 Trillion Pension Pool
- Alternative managers linked to 41% of Aussie pension new deals
- Debt house THL hired director, sees pension market opportunity
Global Hedge Funds Pile Into Australia
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More global fund managers are setting up shop in Australia, drawn to the nation’s A$2.3 trillion ($1.8 trillion) pension savings pool and new local investment opportunities.
THL Credit Inc., an alternative credit manager based in Boston, said in September that it hired a director in Australia. New York-based credit hedge fund GoldenTree Asset Management opened an office in Sydney last month after appointing a local managing director. Oaktree Capital Management, which already manages Australian pension money, headed Down Under last year as it also sought local investments.