Asia-Pacific Hedge Funds Record Strong Growth in 2014
During 2014, assets of the Asia-Pacific hedge funds reached a record $192.81 billion or a 21 percent increase from the $139.8 billion recorded at end 2013.
The
figure is still higher than the previous industry high of $191bn that
was seen in the pre-crisis heyday of 2007, according to the latest
AsiaHedge Asset Survey.
"Asian
hedge funds have delivered two solid years of outperformance in 2013
and 2014 – which has put Asia firmly back on investors’ radar screens.
In particular, many of the Asian billion dollar funds brought in strong
double digit returns in 2014, boosting investor confidence," commented
Aradhna Dayal, editor of AsiaHedge and head of Asia for HedgeFund
Intelligence.
The
survey also found that China-focused strategies emerged as the largest
hedge fund category in Asia last year, with assets at $32.88bn. It added
that as much as 86% or $167bn of industry assets are now being managed
out of Asia. Hong Kong is the biggest hub for these funds, with as much
as $68bn of assets based in Hong Kong, way ahead of traditional hubs
like New York and London.
Source: Opalesque
