Asia-Based Hedge Funds Inflows
Barclays Predicts Big Inflow for Asia-Based Hedge Funds
Go east, young man, might as well be the new mantra of the hedge fund industry, according to Barclays Capital.
The British bank said inflows to Asian-based hedge funds are set to soar this year, and with good reason: Hedge funds operating in the region have done better, by about 5% over the past three years, than Asia-focused hedge funds based elsewhere, according to Andrea Gentilini, head of strategic consulting at Barclays’ prime brokerage unit.
Investors are likely to pour US$8 billion into Asia-based hedge funds this year, a figure that could hit US$16 billion by the end of 2013, Gentilini told Bloomberg News. Asia-focused hedge fund assets could triple to $71 billion by the end of this year, she said, with nearly 40% of that money invested with Asia-based firms. Source