Fewer Asian Hedge Funds Launch In First Half

Aug 10 2011 | 11:51am ET

With investors flocking to established managers, Asian hedge fund launches fell precipitously in the first half.

Only 60 new hedge funds opened their doors in the region during 2011's first six months, according to Eurekahedge and Bloomberg News. That's down 38% from the 96 funds which debuted in the first half of last year and 9% from the 66 funds that launched in the second half.

There may be fewer new Asian hedge funds, but those getting off the ground have been impressive, thanks to the blue-chip reputations of their founders. In June, Deutsche Bank prime brokerage executive Barry Bausano predicted that five Asian hedge funds would raise at least US$1 billion this year. One, former Goldman Sachs proprietary trader Morgan Sze's Azentus Capital, already manages nearly $2 billion. Another, Hong Kong-based Principia Capital Advisors, expects to raise US$750 million this summer while former Nomura Holdings prop. trader Benjamin Fuchs' B.A.F. Capital Management is eyeing US$400 million for his debut, later this year.

Separately, Hedge Fund Research said that investors poured US$2.6 billion into Asia-focused hedge funds during the second quarter. The inflow pushed total Asia hedge fund assets up to almost US$90 billion.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note