Australia Hedge Funds Return 3.2% in August, 6th Straight Gain
Sept. 11 (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.
Australian hedge funds have climbed 13.3 percent this year, advancing along with global peers in the rebound from record declines in 2008.
abridged story: Malcolm Scott in Sydney
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