Thursday, 18 December 2014
Last updated 9 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.