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
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...