WEST PALM BEACH, FL (www.hedgeco.net) – Asia-Pacific hedge funds continue to gather additional assets as investors� demand for hedge fund management instruments is gathering momentum. According toSinclair, ABN AMRO’s global co-head of hedge fund coverage, the total assets managed by Asian hedge fund managers will fall in the range of $85 to 90 billion by the end of 2005. According toSinclair, demand from large institutional managers in addition to interest from U.S. investors will likely escalate such demand; he believes that Asian hedge fund assets may top $130 billion withinthe next three years.
Sinclair said, �We�re seeing a large number of U.S. investors looking at the Asian market.� He was quite optimistic that these groups will be investing more assets in the Asian Hedge Fund sector. Sinclair�s company provides varying financial services such as lending and trade processing. Hedge funds current assets in the Asian market stand currently at about $75 billion. While such level of assets represents a small portion of the over $1 trillion of assets managed by hedge funds globally, hedge fund industry analysts believe significant growth will continue to occur in the Asian hedge fund market over the coming years. Sinclair also explained that the hedge fund market in the Asia Pacific region has tripled in the past two and half years.
Sinclair is with ABN AMRO Asset Management, one of the biggest prime brokerage firms in the Asia Pacific region. He further said, �ABN AMRO’s global revenue from hedge funds rose 40 percent last year and the firm expects similar performance in 2005.� According to him, ABN AMRO gained additional 113 new cross-product agreements in Asia in 2004. That number represents an 80 percent increase; he expects such level of growth to be maintained in 2005 as well.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
HedgeCo.Net is the most popular hedge fund database and community in the world. Membership on HedgeCo.Net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com.
