Asian hedge-fund assets fell 36% in 2008, shrinking more than the global average, as the biggest market declines since the Great Depression prompted performance losses and investor redemptions, according to Hedge Fund Research, reports Bloomberg. Assets peaked at $111bn at the end of 2007 for hedge funds invested in Asia and stood at $71bn in the fourth quarter. The global hedge-fund industry peaked at $1,900bn in mid-2008. The hedge-fund industry worldwide shrank by more than 20% to $1,500bn at the end of last year, and averaged losses of about 19%, as measured by the HFRX Global Hedge Fund Index.

This entry was posted by Gwen Robinson on Tuesday, February 10th, 2009 at 5:33 and is filed under Capital markets, Hedge funds. Edit this entry.