New funds in Asia attract over $2 billion in assets during the first half

Thu Jul 19, 2012


Despite very tough market conditions, new funds in Asia are continuing to mop up considerable assets, raising $2.02 billion through 32 launches in the first half, as more top-quality managers come to the market


Despite a highly challenging macro environment, the new fund landscape in Asia continues to be surprisingly vibrant, with as many as 32 fund launches (as recorded by AsiaHedge) harvesting $2.02 billion in assets in the first half of 2012, according to the latest AsiaHedge new funds survey.

This confirms the AsiaHedge view that capital from international allocators, and in particular from US institutions, is continuing to flow into selected names in Asia, albeit at a slightly more cautious pace than last year.

Indeed, assets raised by new funds in 1H 2012 were about 35% less, as compared to the 1H 2011 figure of $3.09 billion - a figure that was dramatically boosted by the mega-launch of Azentus in the first half of 2011; assets raised in the latest half-year are still double that of the $1.1 billion raised in the second half of 2010.

And anecdotal evidence suggests...

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