Thursday, 29 January 2015
Last updated 14 hours ago
Jun 13 2012 | 12:20pm ET
Two managers of struggling Asia-focused hedge funds have thrown in the towel and signed on with larger firms.
Agus Tandiono returned to Citadel in January after closing his own fund, a person familiar with the move told Bloomberg. Tandino left the $13 billion Citadel in 2009 to manage an Asia-focused long/short equity fund for Income Partners Asset Management.
Sanjiv Bhatia, who wound down his Hong Kong-based hedge fund Isometric Capital Management in December, joined CQS, which manages $11.6 billion.
Asia-focused funds—and smaller funds— have had a hard time of it lately. According to Hedge Fund Research, 80% of all new capital invested in hedge funds in the 15 months to March 2012 went to $5 billion-plus managers.
Eurekahedge says 74% of the 308 Asian hedge funds started since 2009 have failed to increase assests “significantly” and 51 of them have been liquidated.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…