Hedge fund manager HFA Holdings has posted a return to profit for the half year but recorded falls in earnings as the impact of the credit crisis continues to bite.
Hedge fund manager HFA Holdings has posted a return to profit for the half year but underlying earnings fell as the impact of the credit crisis continued to bite.
The manager is Australia’s largest fund-of-fund manager after several institutions withdrew their offerings amid the downturn, and continues to unwind leverage in HFA Asset Management products.
