Asia-Focused Hedge Funds Back On Track In Q1

Asia-focused hedge funds are rebounding from a disastrous 2008 with gains of over 8.5% this year, including a 7% jump in April, according to the HFRI Emerging Markets Asia ex-Japan Index.

Despite the recent gains, investors withdrew US$9 billion from hedge funds investing in Asia in the first quarter of 2009 and total capital invested in Asia-focused hedge funds fell to US$65 billion at the end of the first quarter, approximately US$45 billion below the record level achieved at the end of 2007.