Taking a look ahead to see what opportunities 2012 may bring
Fri Jan 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...
The full contents of this article are available to active AsiaHedge subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial or subscribe to AsiaHedge.
Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.