Launches & Closures

Old hands show their strength in Asia


AsiaHedge's New Funds Survey shows interest in new launches very much continuing, with as many as 53 funds mopping up a total of $2.13 billion in assets during the first half of 2010, though much of that looks like redistribution of assets

Despite being one of the toughest asset-raising climates in its history, the new fund launch space for Asia Pacific hedge funds in 2010 appears to show surprising strength, and interestingly enough, Hong Kong emerges as the location of choice for a majority of these funds during the first half of the year.

The AsiaHedge New Funds Survey (based on fund launches recorded and confirmed by AsiaHedge), shows that new funds managed to garner as much as $2.13 billion in the first half of the year. If you compare that to the $2.5 billion raised