The rise, fall and return of hedge funds
The 2000s witnessed the consolidation of Asian hedge funds from a cottage industry to a complex, institutionalised business that, post-Lehman Brothers' collapse, is poised for a more prosperous decade.
Assets under management in Asian hedge funds stood at $19 billion in 2000. That number rose and eventually peaked at $176 billion in 2007. Then during the credit crunch, it fell back to the mid-$90 billion mark in 2009, before recovering to $116 billion as of August 2010.
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