Fri, May 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

ASEAN markets showing signs of recovery but investors’ confidence remains low (Part Two)

Tuesday, September 03, 2013

Precy Dumlao, Opalesque Asia:

The ASEAN markets have been showing signs that the region’s economy are recovering from the June market sell-off, said Singapore-based research firm GFIA. The majority of Asia-ex Japan fund managers with an ASEAN-concentrated portfolio generated subdued returns last month.

GFIA founder Peter Douglas said in his monthly commentary, "Firth’s (1.0%) portfolio was well cushioned by its position in Korea, Hong Kong and China which also happened to be the main drivers of performance for Flowering Tree’s Ashoka fund (4.8%).The fund’s short book has shrunk to a historic low level of 38% which is expected to normalize over the next few months as new interesting short positions are initiated."

Regional sentiments Japan Concerns over a slowdown in China outweighed the stabilizing effect of the July election in Japan that also resulted with Japanese fund managers outperforming their market benchmarks during the period.

The average fund in the Eurekahedge Japan Index gained 0.9%. The small-cap index TSE Mothers performed well, gaining 12.4%. Accordingly, small cap specialists such as Hayate Long-Short (4.5%) took advantage of the easing of market momentum as fundamentals came back into focus, increasing their net exposure in firms with potential growth stories, GFIA said.

It added that managers who had previously expressed a bearish view through low or neutral net ......................

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. 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

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n