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Alternative Market Briefing

Opalesque Roundup: Asia hedge funds fastest growth puts spotlight on local talent: hedge fund news, week 41

Monday, November 04, 2019

In the week ending November 1st 2019, media reports said that as more and more big hedge funds expand in Asia and the region's assets under management grow at a faster clip than in the US and Britain, industry executives say the number of qualified candidates has failed to keep up.

Hedge funds have responded by poaching from rivals, sweetening compensation packages for star performers and committing more resources to younger employees. Hedge funds were active hirers in the third quarter, bolstering their marketing and fundraising teams at a time when investors were actively pulling money out of the industry, said a report.

Meanwhile, hedge funds early in their lifecycle are outperforming established managers by almost 4% per annum, said a new report. However, only half of hedge fund investors would consider evaluating an early lifecycle hedge fund, and even fewer would invest, revealed the report by Preqin produced in partnership with US-based alternatives asset management firm 50 South Capital.

In new launches, JP Morgan Asset Management beats its fundraising target and closed special situations fund on $1bn+; SAVA Investment Management ......................

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