Expedition Advisors Ltd., backed by New York-based Protege Partners LP, is returning investor capital in its Asia volatility hedge fund after losses.
Australia is starting to shake off its doldrums.
Australian home-building approvals declined in July by the most in almost a decade as mining dominated business investment last quarter, underscoring the nation’s two-speed economy.
Australia’s economy grew at the fastest pace in two years as surging exports and home building showed record-low borrowing costs are sustaining a 22-year expansion even as mining investment slows.
The Reserve Bank of Australia signaled a higher bar for interest-rate increases after becoming the world’s first major central bank to withdraw “ emergency ” stimulus used during the global financial crisis.
Australian and New Zealand jobs growth surged, sending the currencies soaring and undermining central bank efforts to relieve pressure on manufacturers and exporters.
"Aussie consumers and businesses are borrowing-- but in a measured way."
- Craig James on Jan 04, 2015