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Last updated 13 hours ago
Apr 1 2013 | 9:38am ET
Hong Kong's hedge fund industry has grown by more than a third over the past two years, according to a new survey from the city's securities regulator.
Assets managed by hedge funds in Hong Kong stood at US$87.1 billion at the end of September, a 38% surge since September 2010, the Securities and Futures Commission said. The number of hedge funds in the city also rose sharply, from 538 to 676.
The SFC polled 348 Hong Kong-based firms.
Unsurprisingly, Hong Kong hedge funds are focused on their home region, with 65.4% of assets invested in Asia-Pacific, including 27.5% in Hong Kong and mainland China alone. The survey also found that the overwhelming majority of investors in Hong Kong hedge funds, 94%, are from outside the Special Administrative Region.