Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

More Asian hedge funds fell into less than $10m category in 2012, GFIA (Part 1)

Tuesday, April 16, 2013

From Komfie Manalo, Opalesque Asia:

Singapore-based hedge fund consultant and manager GFIA noted a significant spike in the number of Asian hedge funds with less than $10m in assets under management (AuM) due to investor withdrawals and fund poor performance.

In terms of performance, the Eurekahedge Asian Hedge Fund Index finished 2011 down almost 8% and 2012 up almost 10% (it is currently up 5.5% YTD to end-March).

GFIA’s Asian Hedge Funds Note for April 2013 also reports that there were only six new hedge funds launched in 2012 with less than $10m in AuM. 29 funds were launched during the year.

"Of the 769 funds that report AuM regularly, 443 of them have less than $50m under management, the minimum level which we estimate management fees can support the operational expenses of a typical boutique in Asia - although this figure has likely increased over the past few years," the report says. "Currently, there are 212 funds with at least $100m under management, and a minimum 12 months operating history; this is the absolute minimum 'cut’ which, in our experience, the majority of allocators are comfortable."

2012 saw a decrease in number of funds that were larger than $10m, except for the billion dollar fund category which saw an increase of one fund.

The data clearly indicates that only around 28% of the industry is getting ......................

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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed