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Asian hedge fund startups raise a record–breaking $5.32 billion in first half of 2015

Monday, July 27, 2015
Opalesque Industry Update - Asian hedge fund startups raise a record–breaking $5.32 billion in first half of 2015, making it one of the biggest launch seasons in the history of Asia, shows the latest AsiaHedge New Fund Survey.

Key Highlights

-The era of mega hedge fund spinouts has arrived in Asia with Singapore-based GAMA raising a record $4 billion in addition to a number of world-class Asia born and bred managers launching successfully
-Macro funds are back in vogue in Asia after challenging couple years, raising $4.17 billion in total launch assets
-Anchor investors and strategic seeders/backers emerge as game changers for Asian startups
-Overall, 25 new Asia-focused hedge funds mop up $5.32 billion in assets from global investors, showing strong continued interest in the Asia story

Even as Asian markets embarked on a roller coaster ride in 1H2015, the hedge fund startup space in Asia continued to impress, with as many as 25 high-quality new managers pulling in $5.32 billion in capital, shows the latest AsiaHedge New Fund Survey.

This is a 100% increase in asset terms year on year, and builds strongly on the success of Asian hedge fund startups last year, when new launches raised $5.4 billion – making it the most successful year in history for Asian startups.

“Several key factors have contributed to this phenomenon. Asian hedge fund managers now have the pedigree, scalability and asset raising ability second to none. The spin out of Graticule Asset Management Asia (GAMA) from Fortress as well as new entrants such as OTS, Acion and Aventia are a testament to that,” says Aradhna Dayal, head of Asia for HedgeFund Intelligence in Hong Kong.

In addition, seeders, platforms and strategic investors have emerged as game changers. “For upcoming Asia managers, securing an anchor investor of high credibility, resources and abundant long term capital has become not a luxury but a necessity today, as exhibited by most successful startups this year,” Dayal says.

Interestingly, macro strategies emerged as the largest launch category this year, gathering $4.17 billion through several interesting new funds such as Crescent Macro and Bright Stream in addition to GAMA.

Going forward, AsiaHedge sees several new seeder groups, family offices and institutional backers are moving into Asia, given the success of players such as the HS Group in bringing high-profile managers to the market.

In addition, a number of top-grade Asia focused funds from star managers and Chinese institutions are ready to launch in 2H 2015. However, their success would somewhat depend upon how the global and Chinese macro-economic situation pans out.

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