HONG KONG: Asian hedge funds added US$20bil to their assets in 2010, backed by positive returns and accelerated flows in the second half of the year as investors returned to bet on the fast-growing region.
Assets under hedge funds focused on the region rose to US$152.3bil in 2010, up from US$132.2bil a year earlier, a survey by fund tracker AsiaHedge released on Tuesday showed. About half of the asset growth was due to net inflows with 95 new hedge fund launches contributing US$3.84bil to the asset growth in 2010, an increase of 50% from a year earlier.
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