Australian Companies Turn to Hedge Funds for Finance, KPMG Says

Bloomberg – Hedge funds are boosting investments in Australian companies, filling a “funding gap” left by a reduction in bank lending, according to David Heathcote, head of KPMG International’s debt-advisory practice in Australia.

“There is significant volume available, particularly from offshore funds which have a global pool of capital,” Heathcote said in a telephone interview from Sydney today, declining to name any companies that received money from hedge funds. “Provided the return is right, these funds will actively look at investing into Australia,” he said.

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