2007 REACHING THE PEAK
The period of Hong Kongs fastest growth occurred
in 2006 and 2007 at a time when both Asia ex-Japan and China
enjoyed a strong resurgence as investment strategies. This
expansion was matched by a sharp correction in Japan as an
investment strategy, along with a significant reduction in the
assets of Japan-invested funds in addition to the assets
advised by Japan-based advisers.
By the end of 2007, therefore, Hong Kongs total assets
of $35.3 billion propelled it into its position as the
third-largest Asia-Pacific hedge fund centre with more
than twice the assets of Japan and behind only Australia in the
region itself, which accounted for $38.5 billion in assets.
Compared with the ex-regional centres, Hong Kong then easily
outpaced the UKs $27.4 billion in assets, but still
trailed the United States, which had $42.7 billion in