Hedge Fund Startups Plummet in Asia Amid Low Returns, High Fees
- Fund launches set for worst year since 2000, Eurekahedge says
- Lackluster returns are a ‘worrying’ trend for fund industry
Morning commuters walk inside Shibuya Station in Tokyo, Japan, on Monday, Dec. 10, 2012. Japan's economy shrank in the last two quarters, meeting the textbook definition of a recession, as the dispute with China, the country's biggest export market, caused consumers there to shun Japanese products and contributed to Japan's worst year for exports since the global recession in 2009.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Asia hedge funds are opening at the slowest pace since the turn of the century.
Just 27 new funds started trading in Asia in the first nine months of this year, the fewest since 2000 when 56 funds opened, according to Eurekahedge. It’s the third straight year of declines, and down from 83 new funds last year.