Asian Funds Of Funds Shrink By Half

Mar 5 2013 | 10:12am ET

Asian funds of hedge funds lost more than half of their assets last year, a precipitous drop as institutional investors continue to move towards direct hedge fund investments at their expense.

Asian funds of funds managed just US$16 billion at the end of last year. They managed US$34 billion at the end of 2011, Preqin reports.

“Asia-Pacific-based fund of hedge funds have seen a larger proportion of outflows in 2012 and this can partly be attributed to their below-expected performance in 2011,” Ross Ford, manager of hedge fund profiles at Preqin, told Asian Investor. “Investors who are looking to maintain their current allocation to fund of hedge funds are also shifting away from smaller boutique Asia-Pacific-based hedge funds.”

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