Multi-strategy leads as new funds attract biggest assets post crisis
Mon Feb 20, 2012
In spite of a turbulent year in which the Asia-Pacific makets have borne the brunt of the global performance fallout, the latest AsiaHedge new funds survey reveals that as many as 58 new launches have garnered almost $4.5 billion in 2011, reflecting a 13% increase on 2010 figures
The latest AsiaHedge new funds survey throws open a huge
surprise: despite excruciating markets, a scarcity of capital
and shrinking overall industry assets, new launches in Asia
raised as much as $4.43 billion in 2011 – the highest
figure to be recorded since the industry peak in 2007 when new
funds attracted a record $7.8 billion. The $4.43 billion in
2011 figure is also a 13% increase on the 2010 figure of $3.85
The second half of 2011 saw 30 new funds (as recorded by
AsiaHedge) harvest $1.34 billion in capital, again a 22%
increase over the 2H2010 assets of $1.1 billion raised via an
almost equal number of funds (26 funds).
This, coming at a time when the industry is grappling with
widespread closures, high entry barriers, flattish performance
and serious capital retention issues, might raise a few
questions. The answer, however, is...
ISSN: 2151-1845 / CDC10004H
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