By Nishant Kumar and Kevin Lim for Reuters, December 30, 2010
Two smaller Asian hedge funds that have bet on Thai and Southeast Asian stocks have made a killing this year, racking up more than 80 percent gains and ranking among the world's 100 top-performing hedge funds.
The Thai Focused Equity (Class A) and Albizia ASEAN Opportunities funds, however, have received only a trickle of fresh inflows compared to the cash that global investors have been pouring into their larger rivals in Asia.
The fight for assets is likely to extend to 2011 as investors continue to shun smaller funds. Rising compliance costs will also crimp their ability to turn a profit and make it tougher for start-ups in Singapore and Hong Kong to grow.
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