Consolidation and negative returns shave Asia-Pacific assets by 8% to $140.6bn in 2011
Thu Mar 22, 2012
A wave of shutdowns, negative performance and net outflows led Asian hedge fund industry assets to decline by some 8% to end-2011 to end the year at $140.62 billion. What is heartening, however, is the growing influence of multi-strategy funds, and the great move East, whereby a whopping 78% of industry assets are now managed from within the region
To say that 2011 was a tough year for Asian hedge funds
would be an understatement. Volatile markets got managers on
the defensive and ate into performances, which on an average
ended the year in negative territory - with the Composite
median down by 5.71% and by 8.75% on a mean average basis.
There was also a massive wave of closures that swallowed up
many Asian funds and the trickle of net inflows that there was
tended to go into a limited number of larger-scale existing or
new managers. The recovery in the US market also resulted in
some outflows for the Asian industry.
Consequently, assets in the Asian hedge fund industry ended
the year 2011 down 8% at $140.62 billion, as compared to
$152.39 billion at end-2010, according to the latest AsiaHedge
asset survey. A look at the mid- and end-2011 numbers also
shows that the contraction in...
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