Mon, Mar 27, 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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He