Wed, Aug 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Skybridge’s Ray Nolte says Asian hedge funds face performance and asset-raising challenges

Wednesday, September 25, 2013

Komfie Manalo, Opalesque Asia:

Asian hedge funds are facing major difficulties compared with their larger counterparts in the West as they are forced to achieve higher performance and stay relevant in the changing market environment, said Ray Nolte, Co-Managing Partner and Chief Investment Officer of SkyBridge Capital.

Nolte said in an interview with Investment Pension & Asia "The hedge fund industry is going through both cyclical and secular changes. But as an industry, assets under management are peaking in absolute terms so funds are being raised."

He explained that it is easy to understand why larger hedge funds are getting allocations compared with smaller players, adding that it is more difficult for less established hedge fund managers to gain traction given the current uncertain market conditions.

Nolte went on to say, "More money is being channeled to big managers. The large managers keep getting larger because clients are comfortable with big managers during uncertain times. And as clients’ AUM grow they channel more assets to the bigger funds, which supports this trend. Large asset managers may not be as creative or be able to innovate new, less correlated investment approaches in the near term, but perhaps over the long run new strategies are unsustainable as their innovation is competed away."

But an in......................

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. Private equity follows hedge funds into reinsurance for long-term capital[more]

    From Artemis.bm: It’s not just hedge funds that are entering the insurance and reinsurance market in search of so-called long-term capital to put to work in their strategies, private equity firms targeting the space are also seeking opportunities to add assets under management. The entry of large pr

  2. North America – New York City’s next hot neighborhoods targeted with property funds[more]

    From Bloomberg.com: New York’s real estate world is filled with tales of ordinary people who bought property decades ago and saw values skyrocket to the millions. Seth Weissman is seeking investors to get in early on the next hot neighborhoods. The veteran of Goldman Sachs Group Inc. and hedge

  3. Investing – George Soros bets $2bn on stock market collapse, Warren Buffett's Berkshire reveals Charter stake, cuts DirecTV, Hedge funds lusting to cash out of MGM, Top hedge fund managers are buying Ally Financial, Hedge funds dumped 5m Herbalife shares in Q2, Paulson & Co hedge fund ups Puerto Rico real estate bet, Netflix Inc., Citigroup Inc, Google Inc are top new picks in Tiger Management’s 13F[more]

    George Soros bets $2bn on stock market collapse From Newsmax.com: Billionaire investor George Soros has increased his financial bet that U.S. stocks will collapse to more than $2 billion. The legendary hedge fund manager has been raising his negative bet on the Standard & Poor's 500 Inde

  4. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  5. Investors now net short S&P500 and increased Russell shorts, technicals suggest further selling[more]

    Komfie Manalo, Opalesque Asia: Market Neutral funds increased their market exposure to -1% net short from -6% net short last week, according to Bank of America Merrill Lynch’s Hedge Fund Monitor. The report also added