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ARTICLE · 30 JANUARY 2008

Hedge Fund Growth In The Far East

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There are over 10,000 hedge funds worldwide, with a total of US$1.1tr of assets under management (AUM).

BermudaFinance and Banking
Judy Lee
Judy Lee
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This article first appeared in Hedge Fund Journal on 31 October 2007.

Judy Lee, a Partner in the Corporate and Commercial practice at the Hong Kong office of leading offshore law firm Appleby, examines the growth of hedge funds in three key Far East markets.

Introduction

There are over 10,000 hedge funds worldwide, with a total of US$1.1tr of assets under management (AUM). The Asian hedge fund industry alone has around 1,300 hedge funds holding at least a total of US$160bn AUM, with an average of more than seven funds being launched each month with US$1.25bn in fund inflows.

In Asia, many hedge funds have traditionally been the preserve of private banking customers and distributed through private placement, and had a very high minimum investment, effectively targeting only high net worth investors and out of reach of the majority of retail investors. In 2002, to facilitate access by

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