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Alternative Market Briefing

Asian fund managers should be in Asia and not in London or New York

Wednesday, February 21, 2018

Komfie Manalo, Opalesque Asia:

Asian fund managers managing money in the region should be in Asia and not in London or in New York because they have a better grasp of the rules and corporate governance in the jurisdiction, said Thomas Hugger, CEO, founder and fund manager at Asia Frontier Capital.

"Our fund manager for Vietnam in our Ho Chi Minh City office basically was an auditor before he joined us and so firstly, we as fund managers have to do our job well," Hugger told panelists at the latest Opalesque Hong Kong Roundtable.

He added that fund allocators should make due diligence not only on the fund but on the fund manager also. Subsequently it would the the manager's duty to even do a more stringent due diligence on the company they are investing.

Vishweshwar Anantharam, co-founder and CEO of multi-asset macro fund Vanhau Asset Management agrees with Hugger's observation and added that one of the reasons why many of the global macro funds haven't done as well recently is because they would be trading Asia based out of London and New York.

"There was a tendency to take a world view on policies and how that could ripple through Asia. [However,] I believe the days when global managers could be trading emerging markets as a tourist are over as we can see......................

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