Asia-Focused Hedge Funds Scores $20B in 2013Recording Asia’s first growth in three years and boosting the industry's size to $158.8 billion, Asia-focused hedge funds scored $20 billion in assets in 2013, AsiaHedge said.
The industry still remains about $33 billion below its peak asset level hit in 2007, but the twice-a-year survey shows that investors are starting to return.
"This dispels the notion that Asian hedge funds have fallen off the radar for global allocators," said Aradhna Dayal, head of Asia for HedgeFund Intelligence, which runs AsiaHedge.
"We have seen assets in some of the large, home-grown managers swell considerably last year," she added.
A 13.6 percent median return in Asian hedge funds, strong gains by China and Japan-focused managers, and a $3.85 billion capital flow into new launches last year helped the turnaround.Source: Reuters