Asia's hedge funds suffer highest withdrawals in 4 years

Singapore

ASIA'S hedge funds had the highest investor withdrawals last month in more than four years as the industry is struggling with lacklustre returns.

Hedge funds investing in Asia excluding Japan suffered net outflows of US$2.1 billion, or 1.3 per cent of total assets, according to data provider Eurekahedge Pte. That compares with withdrawals of US$3.6 billion in Europe, representing 0.7 per cent of assets, and US$2.5 billion in North America, or 0.2 per cent, the data shows.