A report recently compiled by Australian information services and news provider, InvestorInfo has revealed that hedge funds in Australia saw inflows of AU$885 million in the first quarter of this year, despite a marked lack of enthusiasm for the sector from analysts.
According to InvestorInfo, the Australian hedge fund industry grew by 12.7% to AU7.7 billion in the quarter to March.
However, the survey also showed that assets under management are still concentrated in the hands of a relatively small number of firms, with the 10 largest hedge fund management companies accounting for some 83.2%.
InvestorInfo further revealed that the commonwealth's two biggest hedge fund managers, Grinham Managed Funds and OM Strategic together accounted for around 60% of the market.
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