AUM of Asia-focused hedge funds increased by +7.6% in the first quarter of this year to a total of almost US$95 billion. This is the highest level since Asian hedge fund capital peaked in 2007, according to the just published HFR Asian Hedge Fund Industry Report. During the quarter investors allocated more than US$1.3 billion in net new capital to Asian hedge funds. The total number of Asian hedge funds increased to more than 1,150 funds.