Sat, Dec 20, 2014
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar