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Alternative Market Briefing

BNY Mellon study reveals Asian hedge fund industry offers promise of growth

Monday, May 14, 2012

From Precy Dumlao, Opalesque Asia – The Asian hedge fund industry holds promise despite the challenging financial and economic climates this generation is facing, said BNY Mellon in its latest report titled, Outlook for the Asian Hedge Fund Market in 2012 – Is A New Norm Emerging?.

Andrew Gordon, author of the study and head of BNY Mellon Alternative and Broker-Dealer Services in Asia said that the Asian hedge fund industry is still not as large as its Western peers and is comprised mostly by small to medium-sized managers, the region is still faced with threats of further fund closures and downsizing.

"Despite a tough fund raising environment everywhere in 2011, Asia experienced a solid year. The average size of a fund launch in Asia in 2011 was the same as Europe, for the first time, at around $40m. Some of the Asian mid-sized funds did very well, although it should be noted that these figures are enhanced by the success of a small number of new, larger hedge funds in the region," the report said.

But Gordon also admitted that while the current volatility in the global financial markets hung a dark cloud over Asia, its fund industry offers some positive signs. He said there are some fund managers in Asia that are raising capital who are not just committed to superior investment performance, but also to......................

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