Tue, May 24, 2016
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. Other voices: What current trends tell us about the future of the hedge fund industry[more]

    By: Don Steinbrugge, Agecroft Partners The following comments are excerpted from Agecroft Partners’ Don Steinbrugge’s presentation delivered at the 69th CFA Institute Annual Conference held on May 9th, 2016 in Montreal. In Mr. Steinbrugge’s session titled "What Current Trends Tell Us about th

  2. Investing - Steve Cohen boosted Sotheby’s stake to $86 million last quarter, Larry Robbins' hedge fund sells off all CHS, UHS hospital stocks, Tiger Global cut stakes in Amazon, JD.com, Apple last quarter, Invest in real estate near biotech hubs, Prudential’s Hyat says, Valeant: A hedge fund hotel wrecking ball[more]

    Steve Cohen boosted Sotheby’s stake to $86 million last quarter Billionaire trader and art collector Steve Cohen is on a buying spree of Sotheby’s shares. Cohen’s Point72 Asset Management acquired 1.2 million Sotheby’s shares, bringing its total to 3.2 million valued at $86.1 million at

  3. Legal - Boaz Weinstein wins round in fight with Canada’s PSP[more]

    From FT.com: Boaz Weinstein, the hedge fund manager credited with spotting JPMorgan’s “London Whale” in 2012, has won a round in a legal battle with Canada’s Public Sector Pension Investment Board that had become a test case of responsibilities when clients withdraw money. PSP sued Mr Weinstein and

  4. Regulatory - The latest Fannie and Freddie reform bill offers a bonanza for hedge funds[more]

    From WSJ.com: The latest housing finance reform bill making the rounds on Capitol Hill offers a bonanza for hedge funds seeking to cash in on their investments in Fannie Mae Mae and Freddie Mac—but the cost to taxpayers would be steep. Congressman Mick Mulvaney, the South Carolina Republican, introd

  5. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera