LiveMint – Running a hedge fund in the Asia-Pacific region can be as much as 42% cheaper than in the US and Europe, helped by lower-than-average compensation, according to a survey by Citigroup Inc.
Small funds started in the region struggle to achieve profitability and expand assets, the fourth-largest US bank cautioned. Ninety-five, or 57%, of the 167 regional equity long-short hedge funds which began trading with less than $50 million still manage less than that amount after an average of 5.3 years in existence, it added, citing data from Singapore-based Eurekahedge Pte.
