'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

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

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

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

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.