Asia-Focused Hedge Funds See Significant Increase in Assets

Recent analysis shows that Asia-focused hedge funds have brought in around $500 million in the month of August, raising the market’s total income to $7 billion in 2011. Eurekahedge, the hedge fund tracker based in Singapore, stated that this year has exceeded last year’s inflow by $3 billion.

The study went on to indicate that Europe’s hedge fund industry gained $2.8 billion in August, while funds in the U.S. reached $.8 billion.

Total Asian hedge fund assets tracked by Eurekahedge increased to $136.1 billion by the end of the summer, reaching their highest level since December of 2008. Despite its peak of approximately $176 billion in 2007, the industry is making a remarkable recovery in the face of the global financial crisis.

High profile hedge funds, such as Morgan Sze’s Azentus Capital and others launched by Carl Huttenlocher and Seth Fischer, are projected to have significant impact on the industry’s assets throughout the remainder of the year.