Tue, May 23, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

GFIA: Most of the new Asian hedge funds were started by second generation managers YTD

Thursday, December 02, 2010
Opalesque Industry Update - New Asian hedge fund managers come with experience

In its most recent client monthly newsletter, the Singapore based specialist in skill-based managers in Asian and emerging markets, GFIA pte ltd, provided an overview of the newly launched Asian hedge managers or funds that incepted during 2010. GFIA’s study confirmed that most of the new firms seen so far were started by second generation hedge fund managers from either large hedge fund houses, or previous successful boutique funds.

Summary findings include:

 Of the 18 funds in GFIA’s list, 5 are not newly set up management companies.

 Of 13 new hedge fund management companies reviewed this quarter, only two had portfolio managers without previous hedge fund management experience.

GFIA pte ltd, the Singapore based specialist in skill-based managers in Asian and emerging markets, also released findings on how the correlation between different hedge fund strategies and their benchmark indices within a seemingly diversified portfolio changed during the credit crisis, concluding that equity long-short strategies became more correlated after the global financial crisis, while non-equity long-short strategies maintained their low cross-correlations.

Peter Douglas CAIA, principal of GFIA, commented: “The Asian hedge fund landscape is changing rapidly. New managers know their trade already, and they don’t accept that a hedge fund should be naturally net long or an extension of a mutual fund”.

(press release)


About GFIA
The GFIA group of companies was founded by its principal, Peter Douglas, CAIA, FICP. In January 2010 an Asia-based family became a substantial strategic shareholder in the group holding company. GFIA has no corporate affiliations. Peter Douglas is also a director of the Chartered Alternative Investment Management Association (CAIA). He established the Singapore Chapter of the Alternative Investment Management Association (AIMA) and was the inaugural AIMA Council Member for the Asia Pacific region. Four of GFIA’s team are CAIA charterholders. The GFIA group’s non-executive chairman is Paul Smith, CEO of Asia Alternative Asset Partners Limited (Triple A Partners). rachel@gfia.com.sg - peter.douglas@gfia.com.sg


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Opalesque Roundtable: Rise of high-frequency trading in Europe a challenge for traditional asset managers[more]

    Komfie Manalo, Opalesque Asia: The rise of high-frequency trading in Europe, dominating over 80% of the market, has become a challenge for traditional asset managers especially when it comes to risk management, said Philippe Malaise, chairman of advisory firm