Asia-Pacific assets revive a little to more than $130bn
Mon Feb 22, 2010
Industry assets show only a gradual recuperation in 2009 despite the strong rally in Asian markets and talk of resurging inflows. But now a whopping 71% is managed from inside the region
The year 2009 was no doubt a watershed year for the Asian
hedge fund industry - total assets bottomed out at $118.75
billion at mid-year and then began a slow healing process,
helped in part by soaring markets, high-quality launches and
global investors once again training their sights on
Another major trend was the migration of assets east to be
managed within Asia, with Asia-based managers now running a
good 71% of the industry assets and managers outside Asia
(mainly UK and the US) seeing their share deplete to 29%. Hong
Kong emerged as the biggest surprise of the year, recording a
$9 billion or 40.3% jump in assets and becoming the largest
centre for management of Asia-Pacific assets at $31.12 billion,
leaving behind traditionally larger centres such as the US and
Asset growth wise, 2009 was a disappointing year. Despite
all the anecdotal evidence of...
ISSN: 2151-1845 / CDC10004H
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