(Bloomberg) Asia-based hedge funds are facing the worst redemption pressures in five years, with investor withdrawals cutting regional industry assets by about 10 percent in the first half, according to eVestment.
Asian managers suffered $6.3 billion of capital outflows in the six months, making them the worst hit among global peers this year, the Atlanta, Georgia-based data provider said in a July 26 report that estimated regional industry assets at $54.9 billion. Asia has seen net redemptions for seven consecutive months through June, or nine out of the last 10 months, according to the report.
