Hedge funds weigh future as investors pull money out

The Australian – David Gray, UBS’s head of prime services in the Asia-Pacific, says:  "In the next three months, people will make decisions about whether they want to continue their business that may prove uneconomic for them," Hong Kong-based Mr Gray said. "Fund managers are quite a hardy lot who don’t give up easily; they’ve gone through a couple of crises."

About 20 per cent of hedge funds in Asia, which underperformed rivals in the US and Europe, are profitable this year, according to Mr Gray. Their performance diverged from declines of 40 per cent to gains of 20 per cent, he said.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.