Asian Hedge Funds Hit With First-Quarter Outflow

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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