Aussie hedge and boutique funds cross $200 billion

Australia’s hedge fund and boutique asset management industry, buoyed by superannuation allocations, has reached A$208.4 billion ($219 billion) in assets, with some well-capitalised firms using their fortunes to expand into Asia-Pacific. Of the total, A$42.8 billion is attributed to 63 hedge funds, finds data from the Triple A Partners/Basis Point Consulting Australian Hedge and Boutique Fund Directory. It compares with A$37 billion in hedge funds and long-only absolute return ass…