Returns, new rules fuel hope for Aussie hedge funds
The industry has seen its share of fund management rise amid good performance and renewed efforts to drive demand from institutional and foreign investors.
Hedge funds look set to become the fastest growing segment of Australia’s asset management market, according to industry association chairman Paul Chadwick.
The hedge fund industry saw its market share of Australia’s fund management AUM increase from 3.1% in 2012 to 4% last year, according to a survey released by the Australian Securities and Investments Commission (Asic) in July.
That compares with a decline for public (retail) units trusts (from 12.7% to 12.3%) and life insura…
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