Asian hedge funds number grows to 1278

The number of Asian hedge funds reached a record 1,278 as more managers opened firms to tap interest in the world’s fastest-growing economies, according to Eurekahedge Pte.

A total of 125 Asian hedge funds started in the first seven months of the year, helping the total number in the region exceed the previous high of 1,240 in 2007, the Singapore-based data provider said in a report.

See full report on Bloomberg