Asia Hedge Fund Launches
New Asia Hedge Funds Easily Raising Capital
Here's a grain of salt to go with our post earlier this week on Asia's hedge funds struggling to keep current investors satisfied after dismal performance in 2011. New hedge funds in Asia launched by new and experienced hedge fund managers are attracting a lot of capital these days. In fact, new Asia hedge funds raised $4.43b, the highest amount since the 2007 industry peak in fundraising.
Asian hedge funds started by both new and existing managers raised $4.43 billion last year, the highest amount since the industry peaked in 2007, according to a survey by trade journal AsiaHedge.
The average size of the 58 new Asian hedge funds set up last year jumped to $76.4 million, almost twice the $40 million in 2010, AsiaHedge said in an e-mailed statement today. New Asia hedge funds raised a record $7.8 billion in 2007, it added.
New funds in the region benefited from investors reallocating capital from existing pools in a year of closures, “flat” performances and higher entry barriers, said Aradhna Dayal, head of Asia for HedgeFund Intelligence, the London-based data provider that publishes AsiaHedge.
Hedge fund liquidations in the third quarter last year reached the highest level since the final three months of 2008, according to a report released this week by Singapore-based data provider Eurekahedge Pte. Eurekahedge Asian Hedge Fund Index (EHFI38) lost 8.5 percent last year, more than twice its global gauge. Source
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