Euro zone growing but slower than the pace of US and Asia – hedge fund assets reduce by two per cent
The European industry continued to climb in H1 2015 – albeit more slowly than in the US or Asia – despite renewed Euro zone pressures and a wary attitude towards Europe by US and global investors, reports the Econotimes.
Assets in European hedge funds climbed more quickly in the first half of 2015 than they did in 2014, according to the latest survey by the Hedge Fund Intelligence data and research team – with growth in the expanding onshore UCITS hedge fund space outstripping that in the traditional offshore arena.
Euro Hedge’s latest analysis shows that offshore European hedge fund assets grew by some 3.7 per cent in the first six months to the end of June.
Reversing a two per cent fall in the second half of last year, which had cut the overall YoY growth in 2014 to just one per cent.
While assets in European UCITS – compliant onshore hedge funds assets grew by almost nine per cent during the first half of the year.
On the offshore side, the figure of US$497.1 billion as at the end of June – which compares with a figure of US$479.4 billion at the start of this year.