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Alternative Market Briefing

Asia-focused hedge funds attract $2.6bn in 2Q as assets reach $90bn

Wednesday, August 10, 2011

From Precy Dumlao, Opalesque Asia:

Asia-focused hedge funds resisted increasing inflationary pressures, and volatile commodity and equity markets as they attracted $2.6bn in fresh new capital inflows in the second quarter of the year, offsetting a performance-based decline and increasing total capital to $90bn, according to industry data provider Hedge Fund Research.

The new capital made up for the modest declines of Asia-focused hedge funds during the quarter, with the HFRX China Index and the HFRX Japan Index declining by -1.95% and -0.42%, respectively. Year to date, the HFRX Japan Index has gained +0.08% while the HFRX Asia with Japan Index was essentially flat, posting a narrow decline of -0.01%.

In a statement, HFR said that the Asian hedge fund industry enjoyed positive perception from investors despite worries about the U.S. and European sovereign debt as attested by the new money poured into the region’s hedge funds industry.

In fact, some hedge funds may find safe haven in Asia despite the new round of financial turmoil across the globe, since ratings agency Standards & Poor’s downgraded the U.S. from its triple-A status to AA+ last Friday. Since the downgrade, the global stock markets have plunged and rebounded dramatically amidst fear of a double-dip recession (See Opalesque Exclusive: ......................

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