Wed, Mar 4, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asian market sell-off stabilizes in July (Part One)

Monday, September 02, 2013

Precy Dumlao, Opalesque Asia:

The Asian market sell-off in June that saw most of the region’s currencies falling, has stabilized in July as most of the regional funds reported modest gains, said Singapore-based data provider GFIA.

In its latest monthly commentary, GFIA reported that the MSCI AC Asia Pacific ex Japan and MSCI AC Asia Pacific were up 1.8 and 1.3% respectively, weighed down by India and Indonesia where current account imbalances continue to grow. Most fund managers saw limited upside, with a few stellar performers who are mainly directional and model driven.

Peter Douglas, GFIA founder, writes "The credit space remained subdued with new issuance mainly limited to investment grade issuers with only a total of $3.7bn of issuances. Most other credit managers ended the month flat and have very much focused on investment grade names that had been overly penalized during the June sell-off. AHP Asia Credit Opportunities rose by 0.9% as they managed to rotate the portfolio swiftly out of high yield issues and into investment grade bonds."

He added that the fund benefited from reducing its exposure in Thai/Malaysia banks and into Korea quasi sovereign bonds.

The Saka Capital Liquid Fund posted its strong performance in the Korean quasi sovereign bonds, that was also its largest position after gaining 1.2% profits last month, GFIA said. The bond is Saka Capital’s defensive portfolio with ......................

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. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  5. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his