|The recent growth in Hong Kong-based hedge funds countered trends of declining assets throughout the rest of the Asian fund industry. As reported by Reuters, Hong Kong-based hedge funds added $6.5 billion in the first half of 2012, bringing total assets under management to $47.1 billion. |
This surge helped total Asia-focused assets to record a slight increase to $144 billion despite continuing declines in Singapore and Japan. Industry observers attribute the surge in Hong Kong-based assets to strong inflows for some major hedge fund launches such as Asia Research & Capital Management and Tybourne Capital Management earlier this year, as well as the reluctance of steadfast investors to redeem their shares in spite of poor performance.
|Hedge Fund Lists|
Industry experts expect more capital to flow to U.S. and Europe-base hedge funds if the returns of Asia-based funds don’t improve.