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Kirsten Bischoff, Opalesque New York:

According to discussions during the Opalesque Hong Kong Roundtable the environment for new fund managers in Asia is in line with that of the rest of the globe. After a loss of assets during the global financial crisis, a surge of managers are launching now. For investors this means the benefit of a large pool from which to select the best and brightest managers. Of course, on the flip side, this also means that hedge fund managers in Asia (as in the rest of the world) face a very competitive field in what is already a tight asset-raising period.

"After 2008, we saw a slew of second and third generation managers' launch in Asia. This is very exciting for us, because in the past new managers usually came from long-only backgrounds or the prop trading desks", said Denise Hu, Chief Investment Officer of Archer Asia. "Now they spin out from established hedge funds, and they bring with them the track record, know-how and hands on experience to run hedge fund strategies in Asia."

Global investors have left Asia Many investors that had been active investors in Asia managers in the past have left the area. Aside from the redemptions that occurred globally during the financial crisis, Asia managers are also in the process of trying to figure out how the new European and US regulation will impact their fundraising abi......................

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