Fri, Mar 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AsiaHedge survey: New hedge funds in Asia raised $2.13bn in 1H 2010

Monday, July 26, 2010
Opalesque Industry Update: According to the latest AsiaHedge New Funds Survey, there were 53 new Asia-Pacific hedge funds raising a combined $2.13 billion in the first half of 2010, despite one of the toughest asset raising climates globally. Interestingly, Hong Kong emerged as the destination choice for a majority of these new fund launches, accounting for 65% of the new funds, leaving behind Singapore by a wide margin.

The $2.13 billion figure is an increase of 90% over the $1.12 billion raised by new funds in the first half of last year and 43.6% over the $1.48 billion assets raised in the second half of 2009. The number of launches for this year is also up 36% compared to 39 new funds in first half of 2009.

However, not all of it represents new money coming into the region. “We need to understand that much of it is a result of redistribution of assets between funds in Asia rather than being net new allocations. In short, a classic recycling effect,” says Aradhna Dayal, Editor of AsiaHedge, based in Hong Kong.

Hong Kong has been the largest beneficiary this year and recorded 32 new funds launches in the first half of 2010, raising approximately $1.5 billion or two-thirds of the total assets raised by new funds. This is in sharp contrast to Singapore with only 9 launches, raising only $183 million in assets.

Going forward, the environment for hedge funds looks tough. “We anticipate an accelerated consolidation within the industry by the end of the year, given that the performance has been largely flat and capital arteries are still blocked,” adds Dayal. “With operational costs rising and the macro economic scenario looking uncertain, unless things change we would expect more of the smaller managers to face increased business risk – which may well result in an increase in the shutdown rate and/or further consolidation through mergers and acquisitions.” Corporate website: Source

- FG

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. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He