Australia Hedge Funds Return 3.2% in August, 6th Straight Gain

Bloomberg – Australian hedge funds returned an average 3.2 percent in August, the sixth straight monthly advance, as equities managers continued to profit from the global stock market rally.

The Australian Fund Monitors Index, which tracks more than 200 hedge funds managed from within the country, added to its longest stretch of gains in almost two years, according to a report based on 31 percent of funds reporting.

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