Hedge funds investing in the Greater China region are still reaping the benefits of the long China story and new funds are entering the market in droves, according to hedge fund research company Eurekahedge.
Sources say that the number of existing hedge funds has doubled in the region with total assets under management increasing by more than 100 percent in the past few years.
Rajeev Baddepudi, a senior analyst at Eurekahedge, estimates there are currently over 90 hedge funds investing in the Greater China region, managing some $12 billion in total assets. These figures eclipse the 14 funds and $184 million in assets reported by Eurekahedge in 2001, but is just a precursor of future asset inflow, according to Lou Gerken, founder of San Francisco-based Gerken Capital Associates.