|
|
Article: Hedge funds take root in Asia.
- Article from:
- Sunday Business (London, England)
- Article date:
- July 15, 2001
CopyrightCOPYRIGHT 2001 Sunday Business Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
HEDGE funds are increasingly popular in Asia as regional fund managers seek to cash in on the industry's success with investors in the West. Compared with the US and Europe, hedge funds have a tiny share of the Asian fund management market.
Recent figures compiled by the Bank of Bermuda found there were 89 hedge funds with $3.4bn under management. This compares with research compiled by the Hennessee Group that suggests there is about $400bn of equity in hedge funds worldwide.
Asian investors have been wary of hedge funds because of the role they played in the region's financial crisis in 1998. The near-collapse of US-based Long-Term Capital Management, ...