Asian Hedge Fund Assets Near US$150B

Feb 20 2014 | 10:46am ET

Asian hedge funds grew by 16.3% last year to manage US$147 billion.

The growth was evenly divided between performance gains and new cash from investors, with the former accounting for US$10 billion and the latter US$10.6 billion, according to Eurekahedge.

The Eurekahedge numbers show the increasing globalization of the Asian industry. Funds with a global mandate now make up 23% of Asian hedge fund assets, while pan-Asian funds are down to 20.6%. Seven years ago, pan-Asian funds controlled 28% of the region's assets, compared to just 14.8% for global funds.

Single-country funds have also declined, accounting for 14% of assets against 17.5% seven years ago.

Long/short hedge funds have also seen their dominance in the region weaken. The strategy, which accounted for 54.3% of Asian assets in 2007, now holds just 39.4% of assets.

Asian hedge funds still have a ways to go to set a new asset record: The industry managed US$176 billion in 2007.


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