Thu, Apr 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Domestic Asian hedge fund managers outperforming outside managers in the region

Monday, December 03, 2012

amb
Natalie Cruz
Bailey McCann, Opalesque New York:

The Asian hedge fund industry is estimated at approximately $126bn across 800 managers; 35% of those Asian focused funds are located outside of the region, and they tend to underperform their Asian counterparts - according to new data from Gottex Penjing Asset Management. The data reflects the rapid pace of hedge fund growth focused on the region - since 2000, the Asian hedge fund industry has grown 550% from $19bn to $126bn, a pace which is likely expected to continue as more Asian governments take steps increase access to their markets.

Looking at the period of October 2001-July 2006, Gottex data shows that Asian domiciled managers outperformed Asia focused but non-domiciled managers by 36%. During the crisis, both sets of managers were down roughly in the same range -26% for Asia domiciled managers and -29% for non-domiciled managers respectively. In 2009, following the crisis, fund performance largely returned to pre-crisis levels with Asian domiciled managers up 32% over their non-local counterparts.

Some 1300 funds make up the Asian hedge fund market overall, but few of them have yet to join the billion dollar club the report notes. Despite that, investors now see Asia as a means of gaining equities exposure with better returns than they might otherwise see in more developed markets such as the US and Europe. 50% of Asian hedge funds are equities focused, and according to data from Eurekahedge, comparing the Asian Hedge Fu......................

To view our full article Click here

Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac