Asia Hedge Fund Asset Surge; Hong Kong Hedge Fund Start-Ups Lead the Way

September 25th, 2012
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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.

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.
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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