More hedge fund managers have decided to return money to investors following a difficult 2011 –and facing an increasingly uncertain environment in 2012.
AsiaHedge understands that several Hong Kong-based firms, including Isometric Capital, Thaddeus Capital and Tribridge Investment Partners, have joined a lengthening list of funds that have returned money to investors in the aftermath of a difficult year.
Other funds that were reported recently to have returned money to investors included Allan Boyer, Penta Investments and CoreVest Partners.
Industry sources say that a firm’s decision to return money to investors is triggered by various different factors often unique to each fund.
Those factors usually include poor or flattish performance and/or pressure from seeding investors who want their money back after getting weak returns in recent years.
One allocator says the decision of a manager to...