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From The Opalesque Team:

Asia (ex Japan) hedge funds gained $3.2bn in 2Q09 to a total of $68.2bn,their first increase in net assets since the end of 2008, reported Hedge Fund Research. Performance gains drove the increase as the HFRI Asia (ex Japan) index gained 18.86%. While redemptions continue to nip at heels across the industry, the pace of redemptions in Asia hedge funds has tapered off, to represent only one-third ($3.6bn) of the redemptions of the previous two quarters.

Positive outlook for increase of Asia hedge funds Reporting at the end of 3Q09 will show whether or not the expectations for significant inflows prior to year-end in this region will occur. Chirstoph Avenarius of Credit Suisse AMC recently voiced his opinion that fund of funds investors who were previously underweight these markets, or redeemed from these markets will likely return before year-end.

Additional research from Singapore consulting firm GFIA analyzed the recent trends for growth in Asia hedge funds. In 2005 there were 131 Asian hedge funds with more than $200m in assets. That number has grown to 372 in 2008, with 25 funds managing to ratchet up assets to an excess of $1bn by 2009. The firm also reported that although the pace of new launches had slowed significantly in 2009 (there have been 40 YTD), more products were being launched through new firms than previously.

"Investors looking to access growth in 2009 and in coming years will be alloca......................

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