'12 Asian Launches Hit US$2 Billion

Jul 19 2012 | 11:50am ET

Newly-launched hedge funds in Asia raised US$2 billion in the first half, according to a new report.

The fundraising total topped the second half of last year's by 50%, even though only two more hedge funds, 32, debuted in the last six months than in the earlier period. But each averaged US$63.25 million at launch, compared to US$44 million in the second half of 2011, according to AsiaHedge.

Most of the money went into second-generation hedge funds, such as those launched by Perry Capital veteran Alp Ercil and former FrontPoint Partners trader John Foo. And AsiaHedge said to expect more of the same in the second half, with hedge funds from Credit Suisse's David Curtis, Och-Ziff's Manjor Jain and Sohit Khurana, and JPMorgan Chase's William Lee.

"We anticipate several high-quality launches, aided by better macro clarity post the U.S. elections and a desire on the part of global allocators to correct their structural under-allocation to Asia," AsiaHedge's Aradhna Dayal said. And the influx of high-quality managers "is good news for institutional investors who have found it frustrating in previous years to find enough managers in Asia with the credibility and scale to take in larger tickets of US$50 million to US$100 million."

Multi-strategy funds were the most popular of the new launches, taking in almost half of the total raised. And Hong Kong's status as Asia's hedge fund capital was solidified, with new funds based in the Chinese city accounting for US$1.75 million of the new money. Singapore-based funds raised less than 10% of that total.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.