The Asian hedge fund industry has grown rapidly since the turn of the century. The number of funds has tripled since 2002 to 1,198 by the end of September, according to the Eurekahedge database, and the assets they manage has increased from $28bn (£18bn, €22bn) to $157bn in that time.
For now, growth seems to have stalled. Eurekahedge says outflows from Asian hedge funds accelerated from $2.1bn in August to $4.3bn in September. (Figures for October will take three to four weeks to compile.)
Overall, 87 Asian funds closed during the first nine months of the year, Eurekahedge says, and 69 were launched. The net inflow during that time was $1.7bn.