What’s powering the Asian hedge fund roller coaster?
Sep 8th, 2009 | Filed under: Hedge Fund Industry Trends, Today's Post
We’re in Asia for the next two weeks (Singapore, Hong Kong and Seoul), canvassing alternative investment professionals on last year’s annus mega-horribilis and finding out what got into the water that has led to this year’s miraculous rebound for both the hedge fund and long-only communities.
As the Economist reminded us last month:
“The four emerging Asian economies which have reported GDP figures for the second quarter (China, Indonesia, South Korea and Singapore) grew by an average annualised rate of more than 10% (see article). Even richer and more sluggish Japan, which cannot match that figure, seems to be recovering faster than its Western peers. But emerging Asia should grow by more than 5% this year—at a time when the old G7 could contract by 3.5%. Western politicians should brace themselves for more talk of economic power drifting inexorably to the East. How has Asia made such an astonishing rebound?”
Asian hedge fund managers are no stranger to volatility, however, as the chart below from HFN’s recent Q2 Asset Flow Extract reveals: More…
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[...] all about alpha We’re in Asia for the next two weeks (Singapore, Hong Kong and Seoul), canvassing alternative investment professionals on last year’s annus mega-horribilis and finding out what got into the water that has led to this year’s miraculous rebound for both the hedge fund and long-only communities. [...]