A survey of the new Asian fund launches in 1H 2011
validates several of the predictions AsiaHedge has been making
for some time now. There is a renewed vigour in the launch
scene, with as much as $2.86 billion assets being gathered by
these new funds, and yet that figure is achieved by a mere 24
funds barely one-third of the number of funds (70) that
launched in 1H 2010.
In other words, capital arteries are flowing again but the
barriers to entry have risen considerably, resulting in only a
handful of new managers getting launched. To get started these
days seems to require a rare combination of solid pedigree,
long track record of managing a sizable chunk of assets and
institutionalised platforms, and being able to come to the
market. In short, a barbell effect is taking shape whereby the
big are getting bigger, complemented...