Total assets in the Asia-Pacific hedge fund industry doubled between 2003 and 2004, and strong growth is set to continue into 2005, according to the latest AsiaHedge survey.
The bi-annual study has revealed that hedge fund assets grew from $22 billion to $47 billion in the twelve month period to the end of June 2004 – the first occasion assets have doubled over such a time span.
With around 100 new funds waiting to be launched, AsiaHedge envisages this rapid growth will continue well into next year.
Recent growth appears to have been driven largely by interest in hedge funds from China and Japan. However, the report also noted that the industry in Hong Kong and Singapore continues to expand whilst Australian hedge funds, and Asia-Pacific funds managed from the UK, have also recorded impressive growth.
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