Business is booming Down Under

country focus: AUstralia

While Hong Kong and Singapore command a high profile when it comes to hedge funds in Asia, it may come as a surprise to some to know Australia's hedge fund industry, valued at A$70.3bn ($59.7bn) manages 35% more assets than its counterparts in Hong Kong and 130% more than those in Singapore.

While Australia's financial services sector has grown on average by 4.8% annually since 1986, assets under management by its hedge funds have easily outpaced this, growing seven fold in the last five years. I