By Linedatas Stuart Calder and Marie-Christine Merkly
Hedge funds in Asia, although nearly 30% were in the black year-to-date (at the end of November 2008), find themselves at a critical crossroad in 2009.
Their troubles are well-documented: poor performance, no performance fees, redemptions, gates, short-selling bans, cries for regulation, exposure to Lehman Brothers, negative press suggesting a tainted brand, and the Madoff scandal.
So what will be the hallmarks of the successful hedge fund in the post-crisis world? After listening carefully to the views of many of our 250 hedge fund clients across the globe, we at Linedata believe the following to be the key elements:
Operational excellence and the ability to demonstrate that excellence to investors and to regulators