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From Komfie Manalo, Opalesque Asia:
Singapore-based consulting firm GFIA released a research note on the Asian hedge fund industry, pointing out that in 2005 there were 131 Asian hedge funds with more than $200m under management, indicating the existence of an autonomous hedge fund industry. In 2008, there were at least 372 hedge funds, with about 45 managers running over $1bn in hedged assets from Asia. By mid 2009, the number of managers that manage in excess of $1bn in the region was placed at 25 (14 local indigenous firms and 11 global managers), GFIA said.
The fastest growing source of new members for the Alternative Investment Management Association (AIMA, the industry body for the hedge fund industry) has been Asia, with currently 23% of global membership in the region. The Chartered Alternative Investment Analyst (CAIA) Association cites 13% of its global charterholder base as being located in Asia, with the main concentrations (of roughly equal numbers) in Hong Kong and Singapore.
Industry growth rate rebounds
There were 40 new launches in Asia in the first half of 2009), continuing a slowing of the historic growth rate over the early years of the industry of 25%-30% per annum, which peaked in 2006. Compared to the 60 new launches last year, the rate of growth seem to have picked up again.
Asiahedge lists 674 Asian hedge funds, of which 475 are managed from within the region; GFIA's own records s...................... To view our full article Click here
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