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Komfie Manalo, Opalesque Asia:

Total capital invested in Asian hedge funds decreased to $109.7bn which, while representing only a small decline of $2.1bn over the prior quarter and a decline of over $9.2bn from year end 2015, brings total Asian hedge fund capital to the lowest level since 3Q13, according to the latest Hedge Fund Research’s Asian Hedge Fund Industry Report.

Capital outflows increased slightly over the prior quarter to $2.5bn, the largest quarterly outflows since 2Q09. Globally, total hedge fund capital increased to $2.898tln as of June 30, an increase of $42.06bn during the quarter, as the HFRI Fund Weighted Composite Index gained +2.0% in 2Q.

The number of Asian hedge funds was essentially unchanged over the prior quarter and year-end 2015 at 1,170. Asian hedge fund capital by sub-region was also little changed for Asia ex-Japan at $48.5bn, while capital invested in pan-Asian hedge and Japan funds fell to $36.4bn and $24.9bn respectively.

Japan hedge funds fell but significantly outperformed the Nikkei

The report added that hedge funds investing in Japan declined to conclude the first half of 2016 as the Japanese yen surged on Brexit, while hedge funds investing in China and throughout emerging Asia posted mixed performance for 2Q.

The HFRI Japan Index fell -2.7% in June, the largest monthly decline since February, as the Nikkei 225 lost -9.6 percent for the month, brin......................

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