Wednesday, 1 October 2014
Last updated 12 hours 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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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