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Alternative Market Briefing

North America leads number of hedge fund launches in Q3, Asia saw decline

Monday, October 24, 2016

Komfie Manalo, Opalesque Asia:

North America-based fund managers accounted for 76% of new hedge fund launches, a 12-month high, while both Europe- and Asia-Pacific-based managers accounted for smaller proportions, said alternative investments research firm Preqin. Asia-focused and -based hedge funds both see proportional launch figures fall, as fund managers turn towards a global focus. Preqin’s quarterly update on the hedge fund industry tracked 118 hedge funds launched globally through Q3 2016.

The report said that managers in Europe represent 20% of Q3 fund launches, down from 28% the previous quarter, while Asia-Pacific-based managers represent just 3% of new vehicles, a quarter of the proportion seen in Q3 2015. At the same time, the proportion of new funds launched that have a focus on the Asia-Pacific region fell from 9% in Q2 to just 1% in Q3, the lowest of any region. Funds with a global focus, however, accounted for 69% of new funds, up from 58% in Q2, while other regions stayed level.

"Although the largest proportions of both active funds and new fund launches continue to be those that pursue an equities strategy, there has been a continued decline in the proportion of fund launches using this strategy over the past three quarters. According to Preqin’s latest survey of hedge fund managers in June 2016, the largest proportion expect equity strategies to be the worst performing through the year. Despite th......................

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