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


Rob Lance
Joanne Murphy
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...

ISSN: 2151-1845 / CDC10004H

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