Hedge funds focused on the greater China region posted their first annual loss in five years, with the Eurekahedge Greater China Hedge Fund Index down 4.66% in 2016, after a gain of 10.24% the year before, according to hedge fund data tracker Eurekahedge.
China-focused hedge funds recorded a 0.51% decline in the month of November to register a 2.64% loss year-to-date, according to Eurekehedge Greater China Hedge Fund Index, which tracks the performance of Chinese hedge funds.
Greater China-focused hedge funds were up 2.20% in August, beating the market while Shanghai Shenzhen CSI 300 Index declined 4.45% during the month, according to date released by hedge fund research firm Eurekahedge.
Hong Kong-based asset management firm OP Investment Management Ltd. (OPIM) says it plans to invest up to US$250 million in emerging onshore Chinese hedge fund managers to help them expand businesses offshore, according to a company announcement.
Greater China-focused hedge funds were down 4.70% during the first seven months, shrinking its losses for the year and beating the CSI 300 Index, which was down 14.13% during the same period, according to data tracker Eurekahedge.
Greater China-focused hedge funds were up a marginal 0.03% during June and lost 6.03% year-to-date, outperforming the CSI 300 Index, which fell 15.47% year-to-date, according to data released by Eurekahedge.
San Francisco-based Farallon Capital Management, L.L.C. has raised US$1.12 billion for two funds targeting special situations investments in Asia and Latin America, says a company announcement.
Greater China hedge funds dropped by 1.44% in May, with losses of 5.73% on a year-to-date basis, outperforming the CSI 300 Index that has declined 15.05% as of May 2016, says Eurekahedge.
Going to industry conferences has been part of my job as a financial journalist. My calendar is highlighted by a few personal favorites: January’s World Economic Forum in Davos, April’s Berkshire Hathaway’s annual meeting in Omaha. Then, there is the Sohn Conference Hong Kong in June.
Westport, Connecticut-based U.S. hedge fund manager Bridgewater Associates has won approval to register a wholly owned subsidiary in Shanghai to access China’s financial markets, according to a filing at the Shanghai office of the State Administration for Industry and Commerce.
Chinese hedge fund managers seem to be fulfilling their promise: achieving steady returns in all types of markets and outperforming during down markets.
Greater China-focused hedge funds declined 0.33% in February to register a loss of 6.9% for the first two months of the year, highlighting market volatility and the challenges faced by investors. Hedge funds still outperformed the market, with the MSCI China Index dropping 14.93% during the first two months.
Performance among hedge funds globally is witnessing increasing dispersion, with top quartile managers delivering double digit returns while bottom quartile losing on average of 5% in 2015, according to an annual hedge fund survey conducted by Deutsche Bank.
Greater China-focused hedge funds posted their first month of losses since August 2015 and were down 5.98% in January with its long/short equity heavyweight declining 6.24% as Chinese equity markets came under pressure during the month.
The global alternative assets fund managers hold a record US$7.4 trillion in combined assets under management (AUM) in 2015, up from US$6.9 billion in the prior year, according to a new report issued by research firm Preqin.
China’s so-called sunshine private equity sector recorded average return of 38.01% for 2015, beating the CSI300 Index’s 5.58% annual performance by a large margin, according to industry data tracker Licai.com.
Some institutional investors no longer see hedge funds as a separate asset class, but rather a substitute for investments in equities and bonds that bring particular diversification benefits to their portfolios, says a joint paper by the Alternative Investment Management Association (AIMA) and the CAIA Association.
A total of ten Chinese banks have registered as private investment funds with the the Asset Management Association of China (AMAC), indicating interests on the part of commercial banks to enter the private investment management business.
Wenzhou Kangning Hospital Co., Ltd., a Chinese psychiatric healthcare group backed by Tianjin Taiding Investment Co., Ltd. and Shenzhen Defu Fund Management Co., Ltd., is seeking to raise as much as HK$680 million (US$88 million) in an initial public offering in Hong Kong, according to a securities filing.
Hong Kong asset management firm Value Partners Group Limited has obtained a Qualified Domestic Limited Partner (QDLP) license from the Shanghai municipal government and an initial US$100 million quota to manage cross-border private investment funds, says a company announcement.
Greater China-focused hedge funds gained 1.26% in September, compared with the CSI 300 Index, which was down 4.86%, and the global hedge fund index’s 0.58% decline during the month, according to data released by industry data tracker Eurekahedge.
Greater China-focused hedge funds were up 1.29% in September, having preserved their gains from early 2015 with gains of 4.44% year-to-date, outperforming the CSI 300 Index by almost 14%, according to data released by data tracker Eurekahedge.
Hedge funds with assets-under-management of less than US$100 million posted the lowest returns and had the highest volatility compared to funds managing more assets, according to the results of a new study released by Preqin.
Carl Huttenlocher is now one of my favorite hedge fund managers. Why? Because one year ago, the chief investment officer of Hong Kong-based Myriad Asset Management predicted, correctly, that the RMB would and must continue to devalue – at a time when mainstream wisdom believed in China’s ability to keep a stable exchange rate.
Greater China-focused hedge funds was down 6.55% in August, having managed to reduce their losses as the CSI 300, Shanghai and Shenzhen composite indices declined 11.23%, 12.49% and 15.18% respectively during the same period, according to industry data tracker Eurekahedge.
In this episode of China Money Podcast, we feature Theodore Shou, chief investment officer at Cape Town, South Africa-based fund of hedge fund manager, Skybound Capital.
Theodore Shou, chief investment officer at South Africa-based fund of hedge fund manager Skybound Capital, tells China Money Podcast host Nina Xiang that China-focused hedge funds will continue to outperform despite the recent market gyrations and the slowing economy.
Theodore Shou, chief investment officer at Cape Town, South Africa-based fund of hedge fund manager Skybound Capital, tells China Money Podcast host Nina Xiang that investors now value risk control more after the Chinese stock market correction.
Theodore Shou, chief investment officer at Cape Town, South Africa-based fund of hedge fund manager Skybound Capital, tells China Money Podcast host Nina Xiang that the most recent Chinese stock market crash reveals that many Chinese hedge fund managers merely had exaggerated “beta” in the past, and they failed to achieve “alpha” during the past few months.
China-focused hedge funds posted their worst monthly loss since January 2008, losing 8.33% in July, according to data released by industry research firm Eurekahedge. Despite suffering losses during the past few months, China-focused hedge funds are still up 10.84% year-to-date.
Asia ex-Japan hedge funds suffered their worst month in June since 2013, down 1.58% and recorded US$1 billion performance-based losses as the Shenzhen and Shanghai Composite Indices declined by 11.78% and 7.25% during the month respectively, according to data released by Eurekahedge.