Hedge fund launches in Asia at 14-year low

Singapore

HEDGE fund launches in Asia dropped to the lowest in 14 years last year as investors' preference for big funds and rising regulatory costs converged with a turbulent market.

The number of hedge funds that opened in Asia dropped to 76 in 2015, according to Singapore-based data provider Eurekahedge Pte, down from 117 in the prior year and the fewest since 2001. The number was less than half of the peak in 2010, when 188 new hedge funds set up operations.