Asian Funds Of Funds Shrink By Half

Mar 5 2013 | 10:12am ET

Asian funds of hedge funds lost more than half of their assets last year, a precipitous drop as institutional investors continue to move towards direct hedge fund investments at their expense.

Asian funds of funds managed just US$16 billion at the end of last year. They managed US$34 billion at the end of 2011, Preqin reports.

“Asia-Pacific-based fund of hedge funds have seen a larger proportion of outflows in 2012 and this can partly be attributed to their below-expected performance in 2011,” Ross Ford, manager of hedge fund profiles at Preqin, told Asian Investor. “Investors who are looking to maintain their current allocation to fund of hedge funds are also shifting away from smaller boutique Asia-Pacific-based hedge funds.”


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...