Sun, Dec 21, 2014
A A A
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und