Monday, 30 March 2015
Last updated 2 days ago
Feb 6 2013 | 10:52am ET
Asian hedge fund assets under management have returned to pre-crisis levels, rising 7.5% on the year to hit $88.25 billion as of the end of 2012.
The gains were led by funds investing in China, India and Japan, reports Hedge Fund Research, with China funds gaining 9.4% in 2012 (8.0% in Q4), India funds adding 27.6% in 2012 (4.3% in Q4) and Japan funds adding 8.1% on the year (2.5% in Q4). Chinese and Indian funds beat their respective stock markets in 2012, while Japan funds trailed the Nikkei 225.
Total capital increased by $3.9 billion in Q4 2012 on net inflows of $117 billion, concentrated in emerging Asia.
The overall hedge fund industry saw its assets hit a record $2.25 trillion in 2012.
As of the end of last year, there were 1,150 Asian hedge funds, 31.7% of which were based in China. That represents a 5.3% increase in overall Asian hedge funds and a 28.6% increase in China-based funds.
The percentage of Asian hedge funds located in Japan and India also increased in the past year, while the percentage of funds located in Singapore and Australia—the second- and third-largest centers for Asian-domiciled funds—declined in 2012.
“The Asian hedge fund industry was well positioned for the series of important Asian macroeconomic development which occurred in the 4Q, including moderating growth throughout emerging Asia, the Japanese elections and the dramatic impact of the BoJ stimulus plan and inflation target increase on Japanese currency and equity markets,” stated Kenneth J. Heinz, president of HFR.
“Asian investors continue to exhibit preference for tactical exposure to powerful trends in Japanese currency and equity market trends with a bias toward continued weakening of the Japanese yen. As this dynamic environment continues to evolve, Asian-focused and trend-following, quantitative macro systematic CTA strategies are likely to capture and benefit from these powerful trends.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…