Thu, Aug 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Larger hedge funds more resilient post financial crisis – Conclusion

Thursday, September 06, 2012

From Komfie Manalo, Opalesque Asia:

Before the 2008 global financial crisis, smaller Asia-focused hedge funds generally outperformed their much larger peers. But this trend was reversed after the crisis with the exception of funds with assets between $200m and $500m, said GFIA’s latest Asia Note report.

However, hedge funds with assets under management between $500m and $1bn performed reasonably well during the pre- and post-crisis periods. The Singapore-based data provider attributed this to the eventual consolidation in the industry with capital inflow to strong performers or superior managers joining large funds. But GFIA noted that there is still strong outperformance against the benchmark from individual funds of all sizes, especially in smaller funds.

Comparatively, data compiled by GFIA showed that hedge funds with less than $10m in assets gained on average +0.21% between 2003 and 2012, against the average +0.02% profits recorded by funds with assets between $500m and $1bn during the same period. But this trend was reversed post crisis between 2008 and 2012 when hedge funds with less than $10m in assets declined an average -0.04% during the period compared to +0.08% gains made by hedge funds with assets between $500m and $1bn during the same period.

"Interestingly, we saw opposite trends emerge pre and post crisis when comparing returns of different size buckets, relative to the market benchmark. In the ......................

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. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  2. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  3. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  4. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added