Thu, Apr 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

HFR: Asian hedge funds soar in Q3, HFRX China Index outperforms Shanghai Composite by nearly 25% YTD

Wednesday, November 10, 2010
Opalesque Industry Update - Asian hedge funds continued their strong performance in the third quarter, with the HFRX China Index gaining 10.5 percent for the quarter according to data released today by Hedge Fund Research, Inc. (HFR), the leading provider of hedge fund industry data. Strong Q3 returns have brought YTD performance of the HFRX China Index to +5.5 percent, outperforming the benchmark Shanghai Composite by nearly 25 percent. As a result of the strong performance and indicative of the growing global investor interest in exposure to Asian markets, assets invested in Asian hedge funds increased by nearly $4 B to $78 B, inclusive of over $300 M in net new investor inflows.

The Asian hedge fund industry maintains significantly different strategic dynamics from the overall hedge fund industry, recently experiencing increases in Activist funds and strategies maintaining high sensitivities to equity markets. In the last 12 months, the number of Asian hedge funds which focus on Event Driven strategies increased to nearly 8% of the Asian hedge fund industry; over half of which specialize in Activist and Distressed strategies. Nearly two-thirds of capital invested in Asian-focused hedge funds in allocated to Equity Hedge strategies; this represents a significant contrast to the overall hedge fund industry, of which Equity Hedge represents less than one third. Geographically, new funds continue to locate in China; nearly twenty-five percent of all Asian hedge fund firms are now located in China.

“Macro developments in Asian financial markets have become catalysts for global markets, including currency, equity, commodity and inflation exposures,” said Ken Heinz, President of Hedge Fund Research. “Nearly every aspect of the global economy, from trade, energy, financial stability and production is increasingly influenced by Asian economies, and the Asian hedge fund industry has evolved to provide global investors with access to these influential market dynamics.”

(press release)

About HFR
Hedge Fund Research, Inc. (HFR) is the global leader in the alternative investment industry. Established in 1992, HFR specializes in the areas of indexation and analysis of hedge funds. HFR Database, the most comprehensive resource available for hedge fund investors, includes fund-level detail on historical performance and assets, as well as firm characteristics on both the broadest and most influential hedge fund managers. HFR has developed the industry’s most detailed fund classification system, enabling granular and specific queries for relative performance measurement, peer group analysis and benchmarking. HFR produces over 100 indices of hedge fund performance ranging from industry-aggregate levels down to specific, niche areas of sub-strategy and regional investment focus. With performance dating back to 1990, the HFRI Fund Weighted Composite Index is the industry’s most widely used standard benchmark of hedge fund performance globally. The HFR suite of Analysis Products leverages the HFR Database to provide detailed, current, comprehensive and relevant aggregate reference points on all facets of the hedge fund industry. HFR also offers consulting services for clients seeking customized top-level or more nuanced analysis. For the hedge fund industry’s leading investors and hedge fund managers, Hedge Fund Research is The Institutional Standard. Corporate website: www.hfr.com

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
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. Opalesque Exclusive: European stock-picking fund up 19% YTD, bets on small caps’ high cash level[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Here is a European long/short equity fund that has been beating the odds since its 2008 inception by employing its own investment model, frequent company visits

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque TV: First Trust Advisors launches liquid alternatives platform[more]

    Bailey McCann, Opalesque New York: First Trust Advisors is launching a new liquid alternatives platform aimed at building on the companies existing alternative ETFs offering by adding hedged mutual funds. Senior Portfolio Managers Rob Guttschow and John Gambla recently sat down in an

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo