Asian Hedge Fund Start-Ups Raise Record Amount In 2005
Research published in the July edition of AsiaHedge has shown that a record
$3.5 billion was raised by 55 new Asian hedge funds in the first half of 2005. The semi-annual survey by AsiaHedge, which is published by specialist news
and data provider HedgeFund Intelligence, revealed that both the number and
size of new hedge funds in Asia has surpassed last year's record total, when
around 40 new hedge funds raised some $1.7 billion in assets in the first half
of 2004. According to AsiaHedge, the bulk of assets raised by new hedge funds in Asia
traditionally occur in the second half of the year, meaning that 2005 as a whole
is likely to be another record year for growth in the region's hedge fund industry. One of the most popular areas for start-ups this year in terms of strategies
has been Asia (excluding Japan), where 13 new funds raised $828 million in the first half
of the year. Hedge funds focusing on a single country, particularly China and
India, were also popular, with 16 funds raising $1.77 billion in this category
in the first half. At more than $1.32 billion, by far the largest proportion of these start up
assets were raised in Hong Kong in the first half of 2005. Meanwhile, $641 billion
in assets was raised in Japan, $571 billion in the US, $373m billion in the
UK, $309 billion in Singapore, $229 billion in other areas and $134 billion
in Australia. These figures exclude a number of large global hedge funds with a heavy emphasis
in Asia which have also launched this year. Together, they probably boost the
investable capital of the new funds by a further $2 billion, which would take
the total to well over $5 billion, according to AsiaHedge. A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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