Located in Melbourne, Frontier Investment Consultants has provided services to clients throughout Australia and in New Zealand. Frontier's clients invest in hedge funds, fund of hedge funds, real estate funds, and fund of private equity funds. The firm was established in 2004 as a spin-off from its original company it was a part of, Industry Fund Services, in 1994. The consultant advises on $109 billion for institutional clients, $30 billion of which is dedicated toward alternatives.