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Alternative Market Briefing

BNY Mellon forecasts Asian hedge fund stars will continue to attract capital this year

Monday, February 11, 2013

From Precy Dumlao, Opalesque Asia – Investment management and investment services company BNY Mellon has released its market outlook for 2013, predicting that Asian hedge fund stars will continue to attract capital this year, despite challenges.

In a report, Aidan Houlihan, managing director for BNY Mellon’s alternative investment services said that Asian hedge fund managers who posted big gains over the last year will continue to attract moderate inflows mostly from U.S. institutional investors, their traditional investor base.

It added that new entrants are expected to focus on ultra high net worth investors, family offices and their own friends as money from institutional investors is hard to come by these days.

Houlihan says: "From my vantage point here in Hong Kong, I believe the gathering trend for 2013 is the continued gradual evolution of Asia’s hedge fund community. Although we expect fewer fund launches over the next 12 months, we do anticipate that the new crop will be more diverse in its range of investment strategies. This will support Asia’s gradual shifting away from a monolithic emphasis on equity long/short strategies. Already, more esoteric credit and macro-oriented strategies as well as multi-strategy funds have entered the market. Today, equity long/short funds account for roughly 75% of hedge fund assets under management, dow......................

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