Australian hedge fund industry reaches $27 billion

NEW YORK – The Australian hedge fund and fund of funds industry has grown to $27 billion as it attracts more institutional investors from both within the country and overseas.

A recent report by Axiss Australia, the financial services division of the Australian government's Invest Australia investment agency, indicates that the Australian hedge fund industry has now outpaced those of other Asian markets, fuelled by the country's mandatory pension fund scheme and institutional managers looking