From January through September 30, assets of Asia-focused hedge funds reached about US$117.4 billion, according to a report released by Hedge Fund Research (HFR).
HFR, which provides hedge fund data performance reports and indices, estimated that the assets of Asia-focused hedge funds rose 4.6% year-on-year as of end September after net flows through the said month reached US$2.5 billion.
The HFRX Asia Composite Hedge Fund Index also went up 1.6% for the first nine months of the year.
Fixed income-based relative value arbitrage and event-driven strategies rose 16.4% and 13.7%, respectively. HFR said capital growth was concentrated on those two strategies. – BusinessNewsAsia.com