Hedge Fund News From HedgeCo.Net

New Asian hedge fund assets drop by a fifth to $3.85 bln

Reuters – Hedge funds launched in Asia in 2013 raised a fifth less than a year before as more managers launched funds with smaller sizes, according to a survey.

As funds found it tougher to attract investors in one of the industry’s quietest years since the global financial crisis in 2008, new funds raised $3.85 billion, according to the twice-a-year survey from AsiaHedge. That was down from a record $4.74 billion in assets in 2012.

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