AUM in the Asian Hedge Fund Industry Reach $116.7B MarkAt the end of the second quarter, Asian hedge fund industry hit a third consecutive quarterly record with its assets under management reaching a $116.7 billion mark.
Asian hedge fund capital increased by $2.6 billion during Q2, driven largely by performance-based gains as funds topped local Asian equity markets, according to the latest HFR Asian Hedge Fund Industry Report.
Net capital inflows in Q2 totaled $162 million—down from $2.0 billion in Q1 2014 and $3.0 billion in Q2 2013—as outflows in Asian equity hedge strategies and Emerging Asian regions offset inflows into Asian event-driven and relative-value arbitrage strategies.
Globally, hedge fund capital increased to a record $2.8 trillion through mid-year 2014.
During the first six months of 2014, Asian RVA funds received inflows of $972 million, while event-driven and equity hedge have received inflows of $667 million and $574 million, respectively.Source: FINalternatives