New York (HedgeCo.Net) – The Asian hedge fund industry saw an expansion in 1H2012 to reach $144.09 billion in assets. This reflects a 2.5% growth from the $140.62 billion level seen at the end of a very tough 2011, the latest AsiaHedge Asset Survey reports.
Hong Kong emerged as the top asset management centres for Asian hedge funds, with a record high AUM of $47.06 billion and 32% market share in 1H2012. In a sharp contrast, assets managed out of Japan fell to an all-time low of 5.72 billion – a sharp decline of 41% from end-2011. Singapore assets also declined modestly too, reaching $19.77 billion (as compared to $20.91 billion recorded at end-2011).
Overall, a staggering $112.15 billion or nearly 78% of the Asia-Pacific hedge fund industry assets are now run from Asia, showing that the big move East continues. (In previous years, a large proportion of Asia-Pacific funds were managed from outside the region itself, mostly from the US or the UK).
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