HFA Holdings, an Australian Hedge Fund manager that manages more than $3 billion, announced a surge in annual profit, and says the outlook is very positive.

Paul Jensen, cheif Executive at HFA, said the outlook for the company remained positive despite recent equity market volatility. Annual profit was $20.3 million, up 288%, while normalised profit, excluding one-offs, was up 157%.

With offices in Sydney, Melbourne, Brisbane and executives based in Perth and Hobart, HFA is a specialist funds management company providing absolute return fund products to retail, wholesale and institutional investors throughout Australia.
More at: Australian Hedge Fund Up $20 Million