(Reuters) - The 2008 Reuters Hedge Fund and Private Equity Summit will feature interviews with leading industry executives and managers from April 7-9 in New York, London, Singapore and Hong Kong.
Below are some facts about the Asia-Pacific hedge fund industry:
SIZE AND GROWTH OF THE INDUSTRY
Asia-Pacific hedge fund assets under management rose 21 percent in 2007 to $160 billion, according to hedge fund research firm and consultancy Eurekahedge. This compared with a rise of 30 percent a year earlier.
The Singapore-based firm said assets under management have since fallen. The 1,150 Asia-Pacific focused hedge funds in its database at the end of February managed $156 billion in assets.
PERFORMANCE
Asia-focused hedge funds are among the industry's worst performers globally since the start of this year.
After producing five straight years of double-digit percentage gains, the Eurekahedge Asian Hedge Fund Index is down about 7.11 percent this year. This compares with declines of 1.61 percent and 3.89 percent respectively in its North American and European indexes.
Asian hedge funds were hit hard by tumbling stocks, partly because equity-focused long/short funds are overrepresented compared to more developed markets. While these funds are supposed to profit in both rising and falling markets, analysts said in many cases they are long-biased. Continued...
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