Mon, May 21, 2018
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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven