HK hedge funds up 14% last year, report shows

Hedge funds in Hong Kong grew by 14 per cent during the 12 months to September 2010, new figures have revealed, which could be of interest to private wealth holders.

A report by Hong Kong’s Securities and Futures Commission (SFC) showed the total assets in this type of vehicle rose to $63.2 billion (£39.46 billion) from $55.3 billion the previous year, Hedge Week reports.

Despite the rise, the figure is below the 2008 peak of $90.1 billion, the report noted.

Additionally, the study showed that the number of licensed hedge fund managers stood at 538 last year, a near five-fold increase since 2004.

Among these individuals, multi-strategy and equity were the most popular approaches, with managed futures the least common.

The majority of assets under management came from European and US financiers, while funds of funds were the most active investors, it added.

According to the latest figures from Hennessee Group, hedge funds globally grew in value by 1.43 per cent in February.

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