Asia Hedge Funds Playing Catch Up…

Banking giant HSBC is expecting strong growth in the Asia ex-Japan hedge funds universe. On a comparative basis, the bank believes the region is still playing catch-up: assets under management are currently 6.5% of the global total (US$65bn), whereas the underlying stock markets represent 15% of the world's market capitalisation. HSBC is also looking towards strategies involving distressed debt and private equity because it believes that there are more undervalued assets in Asia than in other regions. Consequently, it is forecasting that total Asia ex-Japan hedge fund assets could reach US$100bn over the next 12-18 months. Dutch bank ABN Amro,

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