Tue, May 3, 2016
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. 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