Australia: Brutal competition for asset management

If there’s one area where Australia punches above its weight, it’s asset management. What is a country of 20 million people doing with the fourth-largest investment management market in the world, which topped A$1 trillion ($832 billion) this year?

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Paul Bolinowsky, UBS

“If you look at some of the asset pools or super funds in Australia their allocations to alternatives have been quite high, 20% or more”
Paul Bolinowsky,  UBS

It’s chiefly to do with the so-called superannuation guarantee introduced in 1992. Today, this requires employers to put a sum equivalent to 9% of every employee’s salary into superannuation, which is what Australians call their pension funds.

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