Mon, Feb 8, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asian fund managers end January with low net exposures (Part 1)

Tuesday, March 04, 2014

Komfie Manalo, Opalesque Asia:

Asian hedge fund specialists GFIA said Asian fund managers ended January with low net exposures, with selective net short exposures in countries such as Thailand, Indonesia and Malaysia.

GFIA founder Peter Douglas said, "MPA Asia ended its sixth straight positive month with a remarkable 1.32%, with most of its returns derived from its short exposure in China and ASEAN. Dalton Asia (4.8%) also benefited from its short positions in Japan and Australia, which took up -32% and -11% of the fund’s short exposure respectively. Despite a higher than normal long-short ratio, Ashoka’s (0.5%) short positions also contributed a handsome 4.4% to the fund’s return."

He said, the current market environment plays into the strength of a stock picking long-short strategy with meaningful stock price dispersion between strong and weak underlying businesses and sovereign environments, and this presents some managers a valid opportunity to build their portfolios.

Most of the major Asia markets, Japan, China and India were down

GFIA noted that the global equity markets had a weak start for the year due to concerns about the Fed’s tapering. Emerging markets took the largest hit with MSCI Emerging Markets Index falling 6.6%. More specifically in Asia, investor sentiment declined further following negative headlines in China relating to the liquidity crunch, a surge in short term funding rates, an......................

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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider