Mon, Jul 6, 2015
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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner