Wed, Aug 24, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

GFIA finds the Asian hedge fund industry changed by the global financial crisis

Tuesday, March 20, 2012

Beverly Chandler, Opalesque London: GFIA, the specialist alternatives research firm, focussed on Asia, Latin America and frontier emerging markets, has published a review of the hedge fund industry in Asia. The firm has been researching the industry in Asia since 1998 when the industry operated on an intimate scale, with most participants knowing each other personally and characterised, as GFIA puts it, by investment specialists rather than financial entrepreneurs.

Globally, allocators hunting for new territories to exploit in the hedge fund world began to research Asian hedge funds in 2003 and 2004 and began to make allocations, largely to the better known managers, due to the allocators’ need for comfort.

In 2005, GFIA counted 136 hedge funds with more than US$200m under management and the firm reports that by the end of 2007, Asiahedge reported 35 hedge funds with over US$1bn of hedged assets run from Asia. Problems arrived in 2008 across the world and were no less serious in Asia. "Performance was no protection against redemption. Larger funds were hit harder than most, and many firm’s AUM were more than halved. Funds running more liquid strategies (of which Asia had a larger proportion) were easy targets for "ATM-effect" redemptions, and experienced greater outflows than (generally much larger) illiquid funds. The number of fund closures spiked and several global firms exited the region" GFIA says.

The Asian ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  4. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill

  5. …And Finally - Police contact Catholic Church after baffling ‘poltergeist’ report[more]

    From Telegraph.co.uk: Police officers in Scotland have called in representatives from the Catholic Church after investigating reports of “disturbing incidents” of a "poltergeist" at a family home. A mother and her teenage son were said to be “extremely distressed” after experiencing what the D