Asia's share of hedge fund assets shrinks

Asian hedge fund managers have seen their slice of global AUM get smaller since the industry’s peak in mid-2008, as their US counterparts' share of assets continues to grow, according to data provider Eurekahedge. As of May 2012, Asia ex-Japan hedge funds accounted for 6% of the $1.74 trillion in global hedge fund assets, down from 8% at the industry’s peak in mid-2008. During the same period, US managers have seen their proportion rise to 69% from 64%. European hedge funds also…