Fri, Jun 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. Comment: For emerging market debt, a sustainable recovery[more]

    Matthias Knab, Opalesque: Standish Mellon Asset Management Company writes on Harvest Exchange: After several difficult years, the outlook for emerging market debt (EMD) denomin

  2. J.P. Morgan Global Alternatives raises distressed shipping fund[more]

    From Institutionalinvestor.com: J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies. The firm, which has been investing in maritime for more than a decade, initially targeted $400

  3. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  4. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  5. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is