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Alternative Market Briefing

Asian fund of hedge funds’ assets fell 50% in 2012

Monday, March 04, 2013

From Precy Dumlao, Opalesque Asia – Assets of Asian fund of hedge funds (FoHFs) fell 50% from $35bn in 2011 to $16bn as at end 2012, according to a report in AsianInvestor.net.

The report quoted Ross Ford, manager of hedge fund profiles for Preqin, as saying that the drop in Asian FoHF was in contrast with the growing trend in North America where assets grew from $485bn in 2011 to $506bn in 2012.

The drop in Asian FoHFs assets is also a reversal of industry-wide trend wherein investors pledged to increase its allocations into the space. In its February edition of its Hedge Fund Spotlight, Preqin, reported that 65% of investors surveyed by them pledged to include funds of hedge funds as part of their hedge fund allocation.

The report added that 12% of fund of hedge funds investors interviewed plan to increase their allocation to funds of hedge funds in 2013, with an additional 53% planning to maintain their exposure over the coming year. Preqin noted that funds of hedge funds started 2013 with a positive return and generated 2.10% in January.

Ford was quoted as saying, "Asia Pacific-based fund of hedge funds have seen a larger proportion of outflows in 2012 and this can partly be attributed to their below-expected performance in 2......................

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