Wednesday, 2 September 2015
Last updated 6 hours ago
May 27 2010 | 1:34pm ET
Go east, young man, might as well be the new mantra of the hedge fund industry, according to Barclays Capital.
The British bank said inflows to Asian-based hedge funds are set to soar this year, and with good reason: Hedge funds operating in the region have done better, by about 5% over the past three years, than Asia-focused hedge funds based elsewhere, according to Andrea Gentilini, head of strategic consulting at Barclays’ prime brokerage unit.
Investors are likely to pour US$8 billion into Asia-based hedge funds this year, a figure that could hit US$16 billion by the end of 2013, Gentilini told Bloomberg News. Asia-focused hedge fund assets could triple to $71 billion by the end of this year, she said, with nearly 40% of that money invested with Asia-based firms.
May 27 2015 | 2:15pm ET
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