Wed, May 23, 2018
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. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven