New Asian Hedge Funds Raise US$2.86B

Jul 20 2011 | 11:59am ET

New Asian hedge funds raised more than twice as much in the first half of this year as in the second half of last year as the average fund raised three times as much at launch than in the first half of 2010.

Only 24 new hedge funds debuted in the region during the first half, compared to 70 in the year-earlier period, the AsiaHedge New Funds Survey showed. But the average fund launched with US$119 million, compared to just US$40 million in the first half of 2010.

All told, those 24 funds raised US$2.86 billion; in the second half of last year, new Asian hedge funds raised just US$1.09 billion. This year's figure is the highest since new Asian hedge funds raised US$5.7 billion in the first half of 2007.

"The Asian new fund landscape continues to be reinvigorated, though the barriers of entry are the highest ever, resulting in only a handful of high-quality new managers being able to come to the market," Aradhna Dayal, AsiaHedge's editor, said. "These managers have to display a combination of solid pedigree, experience in managing a sizable chunk of assets and institutionalized platforms."

AsiaHedge said that the second half could see more of the same, with a "healthy pipline" of new launches through the balance of 2011.


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