Reuters – About three-quarters of assets under the management of Asia-focused hedge funds are managed by fund managers based in the region, up from about 60 percent three years ago, according to a survey by industry tracker AsiaHedge released on Monday.
The survey, which showed Asia hedge fund assets shrinking 5 percent in the first half to $145 billion, said $109 billion was managed from within Asia as global funds set up local offices and a growing realisation that Asian assets are best managed locally by managers based in the region.
