Sat, Nov 18, 2017
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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W