Fund launches: Capital shrinks for new funds

Mon Mar 23, 2009



With the Asia-Pacific hedge fund industry in a dramatic state of flux, it must be regarded as positive that the net number of funds in Hong Kong still increased in 2008 to 245 portfolios under management.

The first half of the year was comparatively strong with regard to new fund launches. Twenty-three new portfolios were launched in Hong Kong over this period, nearly half of the Asia-Pacific industry’s new fund bookings for the first six months of 2008. This included a new fund from PMA at the start of the year, which enabled Hong Kong-located start-ups and new portfolios to raise $1.4 billion over the period, nearly three times the amount raised by Singapore funds in the first half and about 55% of the total amount of assets raised in the industry as a whole.

The second half of 2008 proved to be a completely different ball...

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