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By Christine Gaylican, Opalesque Asia:

A deeply entrenched domestic growth powered by the fiscal stimuli poured into emerging markets will provide an added boost to returns of hedge funds in the coming year, Hong Kong-based asset management firm Enhanced Investment Products (EIP) Ltd said today.

In spite the forthcoming scenario that majority of Asian governments will soon tighten fiscal policies, the fiscal stimuli packages established a regional momentum that seeded domestic growth and provided enough liquidity into the system, EIP CEO Tobias Bland told Opalesque in a telephone interview today.

"A two-digit growth will still be possible for alternative funds in Asian emerging markets in year 2010," Bland added.

The global hedge-fund benchmark is up 16 % this year, heading for the best annual performance since 2003. The funds suffered their worst year on record in 2008 amid the global financial crisis, Eurekahedge said in an emailed report.

Asian hedge funds performance in October

Asia hedge funds, excluding Japan, posted an estimated 0.31 return in October-09 (+22.17% YTD), the strongest among geographical regions in percentage terms, attracting $3.15 billion, as managers sought to diversify investments, the firm said. The region's total assets under management stood at $102 billion3.33, according to Eurekahedge (Source).

Net inflows to the industry have exceede......................

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