Hedge Funds Focus On China Growth; Fundraising Remains Tough

Hedge funds are increasingly setting up in Asia to invest in the high-growth region, especially China, but even though the global economy is recovering from the financial crisis that unfolded more than two years ago, fundraising in the region remains difficult. "During the crisis, a lot of funds battened downed the hatches, but now people are thinking of the U.S. and China dominating the world," said Melvyn Teo, director of the BNP Paribas Hedge Fund Centre at SMU, at the Hedge Funds Asia Summit hosted by Bloomberg Link in Hong Kong.