Tue, Jun 19, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

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. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  2. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  3. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  4. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  5. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv