Asia-Pacific assets show healthy 15% growth in 2010 to hit $152bn
March 15, 2011
After a prolonged period of feeble recovery, the Asian hedge fund industry brought in both performance and reasonably strong capital inflows to grow by a robust 15% in 2010, while the migration of assets East continued with 74% of the industry assets now being run by Asia-based managers
What a difference six months can make. The AsiaHedge Asset Survey for 2H 2010 shows a significant acceleration in Asian hedge fund assets during the last six months of 2010, helping the industry end the year at $152.39 billion – a 15% expansion from the $132.48 billion level seen at the end of a very tough 2009. Though Asian hedge fund assets are still a long way off their historical high of $192 billion at end-2007, the green shoots seen in 2010 combined with a much improved investor sentiment present very encouraging signs.
As the macro climate improved, markets rallied and the conviction came back into the Asian growth and sustainable recovery story, international investors finally took out their cheque books – and interestingly wrote tickets not just to large international hedge fund brand names with Asia funds, but also to many of the high-quality home grown Asian managers.
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