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Shout It Out Loud

Asia-related hedge fund industry news

 

Hedgefundsclub.com’s Shout It Out Loud section is your best source for Asia-related hedge fund industry news.To contribute news stories, please email: stefan.nilsson@hedgefundsclub.com.

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Faith Toh

Faith Toh

Faith Toh has joined Singapore investment house Avanda Investment Management as head of the firm’s business development and marketing. Avanda’s chairman is Kok Song Ng, the former CIO of GIC. Toh has spent her career so far at JP Morgan, most recently working as VP, Client Portfolio Management in hedge fund solutions at JP Morgan Asset Management.

Asian hedge funds posted their third consecutive month of losses in April, down 0.12%. On a year-to-date basis, Asian managers lost 0.03%, with weaknesses led by Japan and India mandated hedge funds which were down 1.69% and 1.19% respectively, according to Eurekahedge.

Jacky Chan

Jacky Chan

Jacky Chan has joined Point 72 Asset Management in Hong Kong as Head of Portfolio Manager Evaluation Asia. He was most recently a senior portfolio manager at Penjing Asset Management and has previously worked at Gottex Fund Management and Standard Chartered Bank.

According to Eurekahedge: Asia ex-Japan hedge funds were down 1.44% in March, and 0.18% for Q1 2018. Equity-long/short managers focused on the region posted their worst quarterly results since Q1 2016 and are down 0.41% for the year. Japanese managers were also down 1.69% in March and down 1.58% year-to-date – the worst performing regional mandated funds in Q1 2018.

Mariana Ibrahim

Mariana Ibrahim

The one and only Mariana Ibrahim has relocated back to her native Singapore after a few years in Hong Kong where she worked at Rafiki Capital Management and Credit Suisse. Her new gig is as IR director at wealth manager Lighthouse Canton. She started her career in hedge fund diligence at PAAMCO/KBC.

Brenton Battlefeld has joined LMR Partners as a PM. He was most recently a PM at Rafiki Capital Management in Hong Kong. Earlier he was at Barclays and Boston Consulting Group.

Timothy Cheung

Timothy Cheung

A new hedge fund management firm, LSL Partners, has been launched in Sydney, Australia. The firm will shortly launch its first fund, The Fury Fund, an Asian equity long/short strategy. The firm, which also has plans to open a Hong Kong office, is led by Timothy Cheung (ex-Perpetual Investments, Morphic Asset Management, Cheung Capital Management), Kim Ivey (ex-Vertex Capital Management, Commonwealth Bank), Chung Ip (ex-Outrider Management, Ascend Capital, Accel-KKR, JP Morgan) and David Gray (ex-UBS, State Street). Cheung will serve as the CIO.

Eurekahedge: Asia ex-Japan mandated hedge funds posted the steepest decline among regional mandates during the month, down 2.30% with underlying Greater China and Indian hedge fund managers losing 3.49% and 1.76% respectively. Performance-based losses of US$1.8 billion were recorded while investors redeemed US$0.8 billion from the mandate during the month.

OP Investment Management has announced its partnership with China CR Capital to launch the CR Wellington AI Fund SPC, a Cayman fund managed by Ray Ko. The quant fund will deploy a series of market neutral and arbitrage strategies and will invest in highly liquid securities in multiple exchanges worldwide including Hong Kong, Taiwan, Singapore, Japan, USA and the UK. The fund PM Ray Ko has extensive experience in trading and asset management having served as Head of Proprietary Trading and Portfolio Strategies at Paine Webber and UBS respectively.

According to Eurekahedge, Asia ex-Japan hedge funds started the year on a positive note, up 3.72% for the month with underlying Greater China focused funds up 7.82% over the same period while India focused hedge funds were down 0.50% during the month. The Asian hedge fund space expanded by US$24.8 billion in 2017 through a combination of investor flows and performance driven gains.