Monday, 24 October 2016
Last updated 2 days ago
Aug 24 2011 | 12:02pm ET
Asian hedge fund assets may grow by US$50 million over the next year-and-a-half, a 34% increase, according to a new report.
Eurekahedge predicts that the "struggling political and economic environment" in the West will prove a boon for Asia's hedge funds, which can expect to manage more than US$180 billion within the next 12 to 18 months. The data provider said that currently, some 1,235 Asian hedge funds manage US$134 billion, less than 10% of the global total.
"The Asian hedge funds industry continues to be one of the most exciting and fast-moving sectors of the global hedge fund industry," Eurekahedge wrote. "The region continues to develop at a fast pace with new funds starting up and employing an increasing number of different strategies and geographical mandates."