Managers across the board pare risk as market uncertainty takes hold, leading to narrow losses among Asia ex-Japan hedge funds.
Tag : eurekahedge
Hedge funds reversed course from June's negative returns, with Asia ex-Japan managers leading the way last month, but they are still overshadowed by Japan fund gains for 2013.
Long/short equity hedge funds are expected to see net inflows in the second half, with Asian investors particularly keen on such strategies, indicates a new Credit Suisse survey.
Despite strong performance by Asia-focused hedge fund managers in recent months, the region saw net capital outflows of $900 million in May.
Asian managers turn in a benchmark-beating 4% gain in January, refuelling hopes of attracting much-needed investor inflows to the sector. Event-driven funds fare best.
Regional hedge fund managers end 2012 on a positive note, leading to expectations of greater capital inflows in the year ahead.
While China’s growth story is attracting greater investor allocations, managers are failing to deliver returns due to market volatility.
US hedge fund assets have grown since the sector’s peak in 2008, at the expense of managers in Asia and Europe.
Merging the hedge fund administration units of State Street and Goldman Sachs would make the joint business close to the biggest in Asia and globally.
Profitability has become more difficult for small and mid-sized funds of hedge funds, which are merging to better compete for institutional money.
Performance-based losses and investor redemptions take their toll on AUM, although assets at large funds are seen as stable.
The region's long/short equity strategies had the highest market correlation, followed by event-driven and arbitrage, according to Eurkeahedge.
