Mon, Oct 24, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund managers and traders are leaving Asia as opportunities dwindle

Wednesday, March 06, 2013

From Komfie Manalo, Opalesque Asia – Hedge fund managers, traders and finance analysts are leaving Asia as poor returns left many of them unable to collect performance fees arising from the 2008 global financial crisis.

In a report, Bloomberg said the majority of these managers and traders have now found jobs in mutual funds, endowments, consulting firms and companies outside of the money-management business and have accepted paychecks lower than what they used to get.

One of those who left was Paul Smith who transferred to Hong Kong from London 17 years ago to try his luck in the Asian hedge funds space.

The 53-year-old hedge fund veteran was quoted as saying, "I decided not to wait the cycle out but to do something more productive with my time. The hedge fund industry in Asia will continue to struggle to raise funds for the next few years as banks continue to have liquidity issues." Smith is now head of the Asia Pacific office of the not-for-profit CFA Institute, the global association of chartered financial analysts.

Data from Asia-based hedge fund data provider Eurekahedge showed that hedge fund assets fell 28% from their peak in 2007 while assets of hedge funds across the globe jumped 21% since 2007 to reach a record high $2.3tln as at end December 2012.

Will Tan, managing director at Singapore-based Principle Partners added......................

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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion