2011 a ‘solid year’ for Asian hedge funds, according to BNY Mellon

Mon Jan 16, 2012

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While hedge funds have had a tough time raising funds in 2011, the industry in Asia actually experienced a "solid year", according to BNY Mellon.

Andrew Gordon, the head of BNY Mellons Alternative Investment Services in Asia, says that redemptions were not as bad as people feared while the average size of a fund launch in the region during the year was the same as Europe, for the first time, at around US$40 million.

Mid-sized funds did very well in the region, although he admits the figures were flattered by the success of a small number of new, larger hedge funds in the region.

"Overall the number of funds in the medium to large category is...

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