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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...