Survey says total assets in APAC ended the year at $132.5 billion after bottoming out at $118.75 billion by mid 2009.
The 2009 year-end AsiaHedge asset survey of the Asia Pacific hedge fund industry revealed Asia-based managers are now running 71% of the industry assets in the region while managers located outside Asia but who run funds that invest in the region saw their share decline to 29% in 2009.
Aradhna Dayal said, "There is a greater recognition that Asian assets need to be run out of Asia and in the same time zone. Additionally, Asia-based managers are showing world class talent and institutional set ups, leading to a steady migration of assets being run within the region."
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