Wednesday, 4 March 2015
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May 4 2010 | 2:54pm ET
Asia may the future of the hedge fund industry, but according to the latest figures, the future is not now.
Asian hedge funds were hit by US$700 million in net redemptions in the first quarter, Hedge Fund Research reports. All told, Asian hedge funds grew slightly to US$77 billion thanks to strong performance in the region, which many in the industry are betting is home to the most opportunities for hedge funds.
The outflows from Asian funds break a two-quarter inflow streak, and despite a net inflow of US$13.7 billion inflow to hedge funds globally.
“Asian hedge funds were confronted with a variety of divergent market influences in the first quarter, and Investor flows to Asian hedge funds reflected this,” Kenneth Heinz, president of HFR, said.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…