Asian Hedge Fund Investments May Have Fallen 40%
Asian investments in hedge funds may have declined by 40 percent over the 18 months to mid-2009, said an official of Bank of New York Mellon Corp., the world’s biggest custody bank.
The value of institutional and wealthy individual holdings in hedge funds will fall to $206 billion by June from $344 billion in December 2007, said Andrew Gordon, the bank’s Hong Kong-based executive vice president of financial markets and treasury services. Government entities such as sovereign wealth funds will help drive a recovery in the dollar value of Asian hedge fund investments to $382 billion by 2013, he said.
via Asian Hedge Fund Investments May Have Fallen 40% Update1 – Bloomberg.com .
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