Tuesday, 23 September 2014
Last updated 6 hours ago
Sep 26 2011 | 3:08pm ET
Asia-focused hedge funds actually shrank in the first half, but the region still has reason to celebrate.
Some three-quarters of Asia-focused hedge fund assets are now managed from the region, primarily Hong Kong, a new survey from AsiaHedge shows. That's up from about 63% three years ago and about 50% in 2000.
Aradhna Dayal, editor of AsiaHedge, said the growing proportion of Asia-focused money managed from the region shows "an increasingly serious commitment to regional offices by international managers" as well as the growth of local fund managers, among them several giant hedge funds launch in the region by former proprietary traders and veterans of Western hedge funds.
Total assets of Asia-focused hedge funds fell 5% in the first half to US$145 billion, of which US$109 billion was managed locally. Only US$77 billion was managed from the region in 2008.
The growth of the local industry has benefitted one place in particular—exclusively, actually. Hong Kong built on its lead over its regional rivals to cement its place as the New York of the Asia-Pacific region; it was the only city to see an increase in hedge fund assets in the first half, accounting now for 27% of the regional market.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.