The country’s $22 billion hedge funds industry will continue to grow at phenomenal rates, but the challenge is to ensure new hedge fund managers have the right skills, said the Alternative Investment Management Association’s (AIMA) chairman Kim Ivey.
According to the recent report from AXISS Australia, a division of the Australian governement’s agency Invest Australia, the nation’s hedge funds industry has trumped the rest of Asia with $22.39 billion in assets from 111 hedge funds as at June last year.
By contrast, Hong Kong came second with $11.7 billion spread across 98 hedge funds and Japan third with $6.24 billion across 63 hedge funds.
