Friday, 25 July 2014
Last updated 21 min ago
Feb 20 2014 | 9:46am 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…