Recovery stalls as Asia-Pacific assets shrink 5% in H1 2011 to $145bn
September 26, 2011
Strong macro headwinds and plummeting markets have slowed down the Asian hedge fund industry’s recovery since the financial crisis, leaving assets down 5% at the end of 1H 2011 at $145 billion. Nevertheless, locally based managers continue to account for a rising proportion of assets in Asia-Pacific funds, with 76% of industry AUM now in funds managed in the region
We undoubtedly live in interesting times. Overturning a recent recovery, the AsiaHedge Asset Survey for 1H 2011 shows a marginal contraction of 5.08% in Asian hedge fund assets in the first half of the year, with the industry ending the period at $144.65 billion as compared to $152.39 billion at end-2010.
While Asian hedge fund managers showed remarkable resilience and downward protection through a turbulent first half of the year, defensive portfolios...
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