Taking a look ahead to see what opportunities 2012 may bring
January 20, 2012
After a very difficult 2011, AsiaHedge looks forward to a stronger showing in equities and possible gains for macro and event-driven funds given the high level of political volatility
Few hedge fund managers will be sorry to see the back of 2011. It was by any measure a tough year – the AsiaHedge Composite Index median fell 5.70% for the year. Even the strongest-performing strategy area – US dollar-denominated Japan funds – ended 2011 down 2.74%, and at the other end of a dark spectrum sat the India equity fund universe, down a whopping 32.11% for the year. China funds did somewhat better, but were still down 16.53% overall.
The last quarter saw a rash of big-name fund closures. In November, Wessex Asset Management closed down its three funds, including the Wessex Asia Fund. A month later, hedge funds veteran and industry pioneer K H Paik announced that he was calling it a day for CoreVest Partners after 13 years, following a run of poor performance. A few days later, the closure of Boyer Allan...
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