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Asian hedge fund managers bullish about 2013 prospects

Wednesday, January 23, 2013

From Komfie Manalo, Opalesque Asia – Hedge fund managers in Asia are bullish about their prospects in 2013 in the light of positive performance in 2012, Alexander Mearns, Eurekahedge chief executive told Asian Investor.

Mearns was quoted as saying, "There were, and continue to be, substantial gains to be made through inefficient prices within the Asean region for those who look hard enough."

According to the latest data, the Eurekahedge Asia ex-Japan Hedge Fund Index posted an 11.5% gains last year as against the MSCI Asia ex-Japan which rose 19.4% during the same year.

According to Mearns, many of Asia’s long/short equity fund and multi-strategy funds made money in 2012 "by maintaining a long bias in their portfolios."

This year, Mearns said Eurekahedge expected positive net inflows into Asian hedge funds given its good returns in 2012. Industry estimates put total Asian hedge fund assets at about $140bn, below a peak of $176bn in 2007.

Surprisingly, it was smaller hedge funds that registered better results last year than their much bigger counterparts as the region’s larger hedge funds – those managing more than $500m – delivered weaker returns.

Industry researchers said that blue chip funds such as Ortus Capital ......................

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