•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

From Sagar Chakraverty, Opalesque Asia:

According to a major study, 'The Ascent of Asia', launched this week, Asia is witnessing resurgence in its financial fortunes, and it will accelerate the shift of the global economic power from west to east. This study has been done jointly by Nomura, an Asian investment bank head-quartered in Tokyo, and Dr. John Llewellyn, a global economist who worked for OECD and Lehman Brothers, and now a partner in Llewellyn Consulting.

The study arrived to this conclusion based on Asia’s solid macroeconomic fundamentals and positive policy responses towards global crisis, which helped the region to recover much faster than the west.

Dr. Llewellyn said, "Asia's medium-term economic prospects are bright and the region has enormous potential on the supply side. Fully realizing its potential will depend on it achieving a sustainable pace of demand and even more importantly a sustainable structure".

The strength of Asia’s growth is also manifested through its hedge fund markets. According to GFIA, a Singapore-based hedge fund consultant, in recent years, London’s dominance as the key centre for Asian hedge funds has diminished and Hong Kong, Australia, and Singapore have evolved as important centers with more number of Asia-focused managers than in London or the US.

The estimated total AUM of the Asian hedge fund industry at the end 2009 was around $160bn. This represents an increment of $45bn over 2008 and 90% of thi......................

To view our full article Click here