Sydney Hedge Funds Club
Evening Reception, date TBC
Singapore Hedge Funds Club
Evening Reception, 3 Sep 2019
Hong Kong Hedge Funds Club
Evening Reception, 7 Nov 2019
Tokyo Hedge Funds Club
Year-End Reception, 2 Dec 2019
18 Apr 2019
Hedge fund managers focusing on Asia ex-Japan were up 2.04% in March, with strong returns registered...
1 Apr 2019
Bryan Goh has today started a new job as Chief Investment Officer of the Karuna Family Office in Sin...
21 Mar 2019
The Eurekahedge Greater China Long Short Equities Hedge Fund Index was up 8.31% over the first two m...
18 Mar 2019
Scott Treloar’s Singapore-based investment management firm Noviscient has added Ray Ferguson and JP ...
3 Mar 2019
Hong Kong-based multi-family office Carret Private Capital, led by Kenneth Ho, has opened a Singapor...
22 Feb 2019
According to Eurekahedge, the global hedge fund industry saw its assets decline US$154.4 billion thr...
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Asia-related hedge fund industry news
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Hedge fund managers focusing on Asia ex-Japan were up 2.04% in March, with strong returns registered by long/short equities hedge funds in the region. On a year-to-date basis, the Eurekahedge Asia ex-Japan Hedge Fund Index has gained 7.21%, supported by the recovery of Asian equity and bond markets in the first quarter of the year. The underlying Greater China and India mandates were up 12.27% and 6.46% respectively as of March 2019 year-to-date.
Bryan Goh has today started a new job as Chief Investment Officer of the Karuna Family Office in Singapore. For the past four years, he has been the CIO of the Asian arm of Swiss private bank Bordier. Earlier he was Head of Alternative Investments at DBS Bank. In his career since graduating from London School of Economics, he has also had stints at Arab Bank, Oaks Family Office and First Avenue Partners.
The Eurekahedge Greater China Long Short Equities Hedge Fund Index was up 8.31% over the first two months of 2019, supported by the underlying region’s equity market rally which resulted from investor optimism over the US-China trade negotiations and the Fed’s dovish stance. The Greater China hedge fund industry’s asset currently stands at US$28.7 billion, marginally up from the US$28.0 billion figure by the end of 2018. Hedge fund managers focusing on the region were hit particularly hard by the aggressive Fed rate hikes and the US-China trade friction in 2018, as indicated by the US$2.3 billion of performance-based losses recorded during the year. Despite that, investor allocations toward the region remained robust, as the industry saw US$1.0 billion of net inflows in 2018.
Scott Treloar’s Singapore-based investment management firm Noviscient has added Ray Ferguson and JP Leschly Neergaard as new partners at the firm. Ferguson is perhaps best known as chairman of Singapore Life and Caber Partners, while Neergaard has had a long international career with Danske Bank.
Hong Kong-based multi-family office Carret Private Capital, led by Kenneth Ho, has opened a Singapore office. The new office is led by Eugene Huang. He has previously worked at Indosuez Wealth Management, Nomura, Barclays and Merrill Lynch. The firm manages more than US$1 billion in assets. Carret Private Capital is an affiliate of Carret Asset Management in New York.
According to Eurekahedge, the global hedge fund industry saw its assets decline US$154.4 billion throughout 2018, down 6.3% from its end-2017 figure – the largest yearly percentage drop since 2008, as fund managers struggled under the global trade tension and aggressive Fed rate hikes which caused elevated market volatility level through the better part of the year. Investors redeemed US$93.4 billion during the year, and US$61.0 billion of performance losses were recorded.
The Eurekahedge Hedge Fund Index was up 2.32% in January, as the risk-on sentiment returned to the market, propelling the MSCI AC World Index (Local) up 7.36% during January. Throughout 2018, hedge fund managers posted losses of 4.08%, outperforming the global equity market which slumped 10.18% over the year.
Seiji Inoue has left his role as head of Point72 Asset Management’s Tokyo office, reportedly to join Citigroup Securities Japan as a co-head of institutional sales. Inoue started his career in 1992 at Nomura Securities and, prior to joining Point72 in 2014, he has also worked at Goldman Sachs.
Rebecca French (formerly Ward) has rejoined MKP Capital as a director of client solutions in its Singapore office. She previously worked for MKP in London. Most recently, she was head of IR at Fuchs Capital Partners. Earlier in her career, she has worked at Stable Asset Management and Rampart Capital.
According to Eurekahedge, hedge fund managers focusing on Asia Pacific have been suffering from the US-China tariff spat and the Fed’s rate hikes, which sent Asian equity markets and currencies plummeting. Greater China and India mandates, the two best performers among regional mandates in 2017, were down 14.24% and 7.37% respectively throughout 2018.