According to the HFRI Fund Weighted Composite, hedge funds are down 1.22% year to date. Equity hedge funds are doing worse, down 3.42% year to date. Despite the less than stellar performance, assets under management (AUM) for the hedge fund industry are over $2 trillion - their high water mark. Asian hedge funds have been leading the growth over the last decade; going from $14 billion in AUM in 2000 to $134 billion in AUM in June of 2011. Chris Greer, global head of capital introductions at Citi, says that Asia is a hot market now but investor interest is cyclical.
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