Mon, Mar 2, 2015
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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie