Asia Hedge Fund Launches
New Asia Hedge Funds Easily Raising Capital
Asian hedge funds started by both new and existing managers raised $4.43 billion last year, the highest amount since the industry peaked in 2007, according to a survey by trade journal AsiaHedge.
The average size of the 58 new Asian hedge funds set up last year jumped to $76.4 million, almost twice the $40 million in 2010, AsiaHedge said in an e-mailed statement today. New Asia hedge funds raised a record $7.8 billion in 2007, it added.
New funds in the region benefited from investors reallocating capital from existing pools in a year of closures, “flat” performances and higher entry barriers, said Aradhna Dayal, head of Asia for HedgeFund Intelligence, the London-based data provider that publishes AsiaHedge.
Hedge fund liquidations in the third quarter last year reached the highest level since the final three months of 2008, according to a report released this week by Singapore-based data provider Eurekahedge Pte. Eurekahedge Asian Hedge Fund Index (EHFI38) lost 8.5 percent last year, more than twice its global gauge. Source