Institutions in Australia and Asia open their doors to hedge funds

The spotlight has turned to Australia as a potential investor base for hedge funds since two Australian public service pension funds worth more than $10bn ' The Commonwealth Superannuation Scheme (CSS) and the Public Superannuation Scheme (PSS) ' have announced they intend to allocate to hedge funds.

These developments have encouraged several global funds of hedge funds to begin marketing to these institutions. The local hedge fund industry is also beginning to develop with products being

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