Sun, Apr 19, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

IMQubator and Synergy partner to seed Asia-Pacific managers

Monday, January 09, 2012

Eliza Lau
From Precy Dumlao, Opalesque Asia: Dutch-based seeding platform IMQubator has partnered with Hong Kong–based multi-manager firm Synergy Fund Management (SFM) to launch a new initiative in China and look for future hedge fund managers in the country, according to a press release issued today.

Under the agreement, SFM will provide sourcing to talented managers and contribute its expertise on the dynamics of the ever-growing Asian emerging hedge fund universe, and IMQ will advise SFM on the business of seeding and accelerating hedge fund managers.

Eliza Lau, founder and CIO of Synergy, and former CEO and CIO of SAIL Advisors, commented, “We see a broad spectrum of hedge fund strategies with Asian emerging manager candidates. As the China market orderly opening up the alternative investment platform in the coming years, we see greater opportunity and many good talents with strategies in the CTA and commodity trading space given the advanced and highly active commodity exchanges in China.”

Jeroen Tielman, CEO and Founder of IMQ, and a 25-year veteran of the global institutional industry, says: “In essence, the premise of the mutual advisory is to explore the possibility of a joint activity in seeding and accelerating emerging hedge fund managers based in Asia. We believe Asia has myriad opportunities for establishing a seeding platform accommodating emerging manager talents; in particular we are expecting to see some quite exceptional emerging managers from China in the coming years.

Currently, the Asian hedge fund industry is estimated to be within $83bn, which is still 25%v below its peak in 2007.

Its size is expected to further decrease this year after a dismal performance in 2011 and the difficulty faced by Asian fund managers to raise capital. 2011 also saw the Asian hedge fund industry to slowdown in terms of growth.

Data released by Singapore-based data provider Eurekahedge Pte., showed that some 123 Asia-focused hedge funds folded up in the first 10 months of last year compared with 125 in all of 2010 and a record 184 in 2008 when the collapse of Lehman Brothers Holdings Inc. Artradis Fund Management Pte, once Singapore’s biggest hedge fund, was one of the companies which closed shop last year, while managers returning money to investors included CoreVest Partners and Kilometre Capital Management Ltd.

Asia-focused hedge funds also failed to deliver good returns last year with most strategies in the red. Only Asian macro funds managed to turn positive performance last year, with more than 6% in returns, it was reported.

However, despite its poor performance, Asian hedge funds still managed to outperform regional stock markets, with the group down 6.2% for the year to November, according to data from Deutsche Bank, compared with a 17.2% drop in the FTSE Asia Pacific index over the same period.
Edited B. Gravrand

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. Studies - Fund managers bullish on equities, alternative asset classes, Hedge funds starting to spurn emerging markets, Insurance companies take aggressive approach to hedge funds despite restricted exposure[more]

    Fund managers bullish on equities, alternative asset classes From Benefitnews.co: Asset allocation and risk continue to be the top issues for institutional investors in 2015 and, while nobody is sure what the economy will do in 2015, investment fund managers remain positive about investm

  2. Investing - New hedge fund strategy: Dispute the patent, short the stock, David Einhorn bets on AerCap as leasing company avoids turbulence, Top hedge funds reveal these best investing ideas, Hedge funds bet big on PetSmart price bump, Victory Park Capital increases investment in upstart to $500m[more]

    New hedge fund strategy: Dispute the patent, short the stock From WSJ.com: A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hay

  3. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  4. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  5. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

 

banner