Reuters – Hedge funds investing in developing Asia have begun to attract money from investors after a poor first half of 2010 when many were hurt by outflows despite strong interest in emerging markets, industry players said.
Global investors have been pouring money into Asia in search of higher returns since the start of the year, pushing up currencies and fuelling concerns about asset bubbles. But they took out about $1.6 billion from Asia ex-Japan themed hedge funds between January and July, according to data from Eurekahedge.
