Fri, May 27, 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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year