Asian hedge fund assets rise to $134 billion

Asia ex-Japan hedge funds saw healthy net inflows of $1.6 billion in May, bringing total assets under management to $134.3 billion, according to data provider Eurekahedge. While the numbers are healthy, asset allocations for Asia ex-Japan have not matched the rate of launches. As a result, the Singapore-based firm has revised downwards its forecast for year-end AUM to $150 billion -- from the $180 billion it projected in May. New fund launches in the region have been relatively …