Mon, Sep 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asian-focused hedge funds fail to match economic growth

Tuesday, September 25, 2012

amb
Dhawal Mehta
From Komfie Manalo, Opalesque Asia - Asia's economic success story has failed to provide Asia-focused hedge funds with alpha, said a Bloomberg report citing data from Singapore-based data provider Eurekahedge Pte.

The report quoted Eurekahedge's Asian index which tracked 395 hedge funds in the region that returned 1.6% as at end August. The figure was the worst performer among regions and about half the 3.2% gain by the global benchmark.

It added that the poor performance of Asia-focused hedge funds was due the concentration on Asian equity due to the lingering European debt crisis and the economic slowdown in China. The report quoted Dhawal Mehta, head of India equity investments at Reliance Asset Management (Singapore) Pte., as saying, "Most Asian funds have been focused on the equity space and that hasn't done well. In the U.S. and Europe, you have more variety in terms of the kind of funds."

Asian hedge funds saw an estimated $447m withdrawals so far this year and 73 fund closures. A separate figure from Chicago-based Hedge Fund Research showed that 77% of the region's hedge funds are equity related compared to 46% across the globe.

Data from Eurekahedge added that Asian hedge funds declined 8.3% last year, the second-worst performance after 2008. Sinc......................

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. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  2. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  3. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L

  4. Hedge funds saw four consecutive months of outflows in August, but assets still up by $17.6bn YTD[more]

    Komfie Manalo, Opalesque Asia: Hedge funds witnessed four consecutive months of outflows with investor redemptions totaling $23.8bn as of end of August, data provider Eurekahedge said in its monthly report. But total hedge fund assets grew by

  5. Trend reversals lead to losses as managed futures drops 1.52% in August[more]

    Komfie Manalo, Opalesque Asia: Trend reversals in August have led managed futures traders to lose 1.52% last month according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.62% year to dat