The stats are compelling. With superannuation savings totalling more than AU$1.8 trillion ($1.6 trillion) and compulsory employer contributions of 12% of gross salary by 2019, the Australian market appears to offer rich pickings for British and European fund managers.

But that large pool of assets under management brings with it sophisticated pension fund managers and trustees, who demand investment outperformance from their external managers. Add in the regulatory pressures that are driving down investment management fees, and the path to riches in the Australian market is not without its hurdles.