Emerging-markets and Asia hedge funds lose some lustre

Asia and emerging-markets hedge funds remain highly sought after by investors, although North American and European strategies are gaining ground, according to new surveys from Credit Suisse and Deutsche Bank. The Credit Suisse 2011 Hedge Fund Investor Survey found that 49% of global respondents planned to make allocations to Asian funds this year, putting it at the top of investor wish lists, with emerging markets (EMs) ranking a close second at 47%, followed by global strategies…