HONG KONG (BLOOMBERG) - Established Asian hedge funds have attracted the lion's share of new money this year, while start-ups have been hamstrung by global travel curbs that have made it impossible for face-to-face meetings with European and US asset allocators.
Well-known firms including Tribeca Investment Partners, Pleiad Investment Advisors, Dymon Asia Capital (Singapore) and Sylebra Capital have drawn more than US$3 billion (S$4.1 billion) of new money among them this year. That contrasts with the net US$3.1 billion that flowed out of regional funds in the first eight months of 2020, according to Eurekahedge. Meantime, the median raising for new Asia funds this year is just US$20 million.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you