Managers Abandon Asian HFs For Larger Firms

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.

 


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Maglan Capital: Some Lessons Learned From Puerto Rico

Jul 13 2017 | 8:00pm ET

Although Maglan Capital has not been invested in Puerto Rico for more than three...

 

From the current issue of