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Alternative Market Briefing

Hedge funds investing in Greater China attract investors, but fail to deliver returns

Thursday, September 20, 2012

From Komfie Manalo, Opalesque Asia:

China’s decision to allow foreign hedge funds to set up operations into the country seemed to be paying off as latest data from Eurekahedge showed an increase of investor allocations to Greater China-focused hedge funds despite failing to provide profits.

In a report, AsianInvestor.net said that Greater China-focused strategies now accounts for 13.5% of the $125.5bn in Asian hedge fund assets, from 4.4% in 2006 and cited Eurekahedge’s data that China has been attracting hedge funds over the past several years.

However, the inflows are not being rewarded with the desired returns as Greater China hedge funds lost an average of -13.05% last year.

Indeed, China’s investment prospects are marked with losses. Another hedge fund data tracker Hennessee reported that investors are expecting a possible hard landing in China as key economic indicators suggested that a more significant slowdown than previously anticipated.

"Managers suffered losses in China growth bets as the markets declined. Emerging markets were negative as the MSCI Emerging Markets Index fell -0.54% (+3.38% YTD), mostly due to losses in China and Latin America," Hennessee said in its latest market report.

In late August, ......................

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