Asia-Focused Hedge Funds
Asia-Focused Hedge Funds See First Net Inflow Since '08
Hedge funds focused in Asia have finally seen inflows for the first time since Q2 2008. Hedge funds investing in the region returned 9% during the third quarter signalling a possible recovery.
Asia-focused hedge funds saw their first inflows in more than a year during the third quarter as they returned nearly 9% during those three months, according to data released by Hedge Fund Research.
Ken Heinz, president of the data compiler, said the sector displayed "versatility while building on strong year-to-date performance."
Hedge Fund Research said Asia-focused hedge funds had $73.7 billion of assets at the end of the quarter, compared with more than $1 trillion for the industry as a whole. Part of the quarter's gains were the result of $800 million of net new capital, the first gain since the second quarter of last year.
The hedge-fund industry is rebounding from last year's record-bad performance, though the declines paled in comparison to those seen by major stock-market indexes. Source
The above story is the opinion of the author only and it does not reflect
iStockAnalyst opinion. Further, the author is not personally advising you
regarding the suitability of the story for your investment needs. In no event
iStockAnalyst will be liable for any loss or damage including without
limitation, indirect or consequential loss or damage, or any loss or damage
whatsoever arising from or arising out of, or in connection with the use of this
information. Please consult your investment advisor before making any investment
decision.
