Wed, May 4, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

GFIA: Mid-sized Asian hedge funds outperform both on absolute and risk adjusted basis

Thursday, August 01, 2013

Komfie Manalo, Opalesque Asia:

Mid-size Asian hedge funds, particularly those running assets of between $75m and $150m, outperformed both absolute and risk adjusted basis, said Singapore-based hedge fund data provider GFIA in its July Insights report.

Peter Douglas, GFIA founder, writes, "Mid-sized funds tend to experience lower volatilities than smaller and larger funds in terms of both returns and asset flows. Larger funds, on the other hand, could find it more challenging to maneuver their portfolios in Asia markets and tend to see greater fluctuation of capital flows which probably contributed to the less optimal returns reported. The sweet spot also depends on the strategy and the market that the fund invests in, and although there is no one consistent sweet spot across all strategies, generally running a mid-sized fund seems to be the more viable strategy in Asia."

GFIA studied data from 507 funds from AsiaHedge and Eurekahedge that have track records spanning the period from Jan 2009 to May 2013. Among their findings, they found that smaller funds with less than $50m in assets, outperformed on an absolute return basis across all strategies. While the correlations for very large funds to market indices and hedge fund peers were generally low, the smallest funds tended to have the highest correlations to indices.

The report noted that smaller funds saw a much more volatile cumulative return curve than ......................

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n