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From Komfie Manalo, Opalesque Asia:
Participants at the recent Opalesque Singapore Roundtable agreed that Asia is seeing a new wave of hedge fund startups, “which is exactly what we saw post the Asian crisis.” And the new breed of managers has well-thought and good business plans, as well as backers in terms of incubator monies or committed seed capital between $25m and $50m said Han Ming Ho, head of funds practice group at the Clifford Chance law firm in Singapore.
Peter Douglas, principal of GFIA, a Singapore-based consulting firm, said that the rebound of Asian hedge funds as seen by these startups, was also seen in the post Asian crisis.
He said: “A lot of the great names of the Asian hedge fund industry were actually set up around the end of the Asian crisis. They were very small for a number of years, before they finally attracted attention and started to gain critical mass. Look at funds like Artradis in Singapore, or LIM or ADM in Hong Kong - a lot of what are now the biggest established managers actually started as small boutiques post the Asian crisis, running very small amounts of money for quite long periods.”
Opportunities and profile of new managers
According to Han Ming, the typical profile of startup managers is very different from two years ago. In the past, ex-traders or ex-bankers who were paid a $5m to $10m bonus, set up their own shops and rode the bull ma...................... To view our full article Click here
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