Thu, Sep 21, 2017
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. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3