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Saturday, 21 January 2017
Last updated 4 hours ago
Aug 4 2010 | 12:57pm ET
Investors flocked to Asian hedge funds in the second quarter, but poor performance more than offset the net inflows into the region.
Asian hedge funds took in US$360 million in new capital during the second three months of the year, according to Hedge Fund Research. Event-driven were the most popular, and macro funds also attracted much interest. Equity hedge funds also enjoyed inflows during the quarter.
The flows also show a growing preference for pan-Asia funds and Japan-focused funds, and away from emerging markets vehicles.
Despite the inflows, performance losses on the quarter cut deeply into the total assets of Asia-focused hedge funds. Such funds now manage just US$74.4 billion after losing US$23 billion in the markets.