The wizardry of Oz

The hedge fund industry in Australia is currently worth in excess of A$60bn and has seen rapid growth over recent years to become the largest in the Asian region.

The Australian hedge fund industry forms a part of the wider managed funds industry, which in total is worth more than A$1trn, making it by some estimates the fourth largest investment fund jurisdiction in the world.

Although the industry is small in comparison to the US hedge fund industry, it is an important sector in Australia and in

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