An improvement in the markets in the first half of this
year did not fully offset the continuing negative effect of
redemptions, but anecdotal evidence points to a return to net
The mid-year 2009 assets survey for the Asia-Pacific hedge
fund industry throws up two interesting features. Firstly,
total assets under management have dropped slightly from $122.4
billion at the end of 2008 to $119 billion as at end-June 2009.
Secondly, in terms of location, the Asia-Pacific as a region
has seen a significant increase in its share of assets from
around 63% to 70% and Hong Kong is now the
industry’s biggest centre. This might signal what
could be the beginning of a major shift in the make-up of the
Asia-Pacific hedge fund industry.
Given the jump in the Asia-Pacific markets since the
beginning of the year, one might have expected the
industry’s assets to...