By Helen Clark Australia-Indonesia ties are still at bay despite a recent public show of restored defense relations and moves afoot to deepen economic ties Indonesian President Joko Widodo’s official visit to Australia in late February was trumpeted for the full restoration of defense ties after a brief severance over hurt sensibilities. But Widodo’s … Continue reading Australia-Indonesia Relationship
Category: Oceania
US – China trade war and Australia
Australia is rightly concerned about the possibility of a trade war between China and the US, given its economic dependence on Chinese trade, Wang Zhimin of China's Institute of Foreign Economy and Trade and Yuri Rubinsky of the Russian Academy of Sciences told Sputnik Australian trade minister Steven Ciobo led a business delegation to China last … Continue reading US – China trade war and Australia
This Won’t End Well – US Asset Managers Target Australia’s $1.5 Trillion Pension Funds
Hedge funds attracted a net $44 billion in assets globally last year, the smallest amount since 2012. As these increasingly desperate funds try to change that in 2016, one enormous target has been identified in Australia. Australia has approximately USD$1.5 trillion in retirement savings, one of the largest and fastest growing pools of pension money in the world according to the WSJ.
from Zero Hedge:
Several US asset managers are already actively working to get a foot in the door, even though management fees charged in Australia are among the world’s lowest according to local lobby group Financial Services Council.
“Everyone wants to get their hands on that pie. People think there’s a lot of money to be made in Australia” said Jesse Huang, director for strategic relations Boston based hedge fund PanAgora Asset Management
Other than the potential to grow AUM, the fact…
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