Asian Hedge Funds Raise Record $5.34B in First Half

Jul 27 2015 | 2:35pm ET

Asian hedge fund startups raised record–breaking $5.32 billion in first half of 2015, making it one of the region’s biggest launch seasons, according to new data from AsiaHedge. 

The surge was fueled partly by the spinout of Singapore-based GAMA, which raised a record $4 billion. 

The information was contained in the latest AsiaHedge New Fund Survey.

The survey noted that macro funds are back in vogue in Asia after a challenging few years, raising $4.17 billion in total launch assets during the period, according to a press release. Overall, 25 new Asia-focused hedge funds mopped up $5.32 billion in assets from global investors, showing strong continued interest in the Asia story. 

The news is auspicious given the volatility lately on Chinese stock exchanges, including an 8% downdraft earlier today in Shanghai. 

Nonetheless, the rise in assets also suggests increasing sophistication among managers in the region. “Several key factors have contributed to this phenomenon,” said Aradhna Dayal, head of Asia for HedgeFund Intelligence in Hong Kong. “Asian hedge fund managers now have the pedigree, scalability and asset raising ability second to none.”

In addition, seeders, platforms and strategic investors have emerged as game changers. “For upcoming Asia managers, securing an anchor investor of high credibility, resources and abundant long term capital has become not a luxury but a necessity today, as exhibited by most successful startups this year,” continued Dayal in the press release. 

Going forward, AsiaHedge sees several new seeder groups, family offices and institutional backers are moving into Asia, given the success of players such as the HS Group in bringing high-profile managers to the market.

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