For the complete Asia Hedge Fund 25 ranking, visit www.institutionalinvestor.com.
In another sign that the Asian hedge fund industry is coming of age, long-short equity managers are losing their traditional dominance. The region now offers investors a diversity of investment styles. Besides currency specialist Ortus Capital Management (No. 5) and multistrategy shop Azentus Capital Management (tied for No. 13), both based in Hong Kong, the list includes Singapore macro fund Dymon Asia Capital (No. 20). Meanwhile, exciting new players emerged in 2010 and early 2011. Leading the charge is Azentus, Asia's first $1 billion hedge fund launch in recent memory.
“We're very bullish on Asian managers and the opportunity set, partly because both seem better today than in the past and offer strong alternatives to Western-based funds,” says Kent Clark, New York-based managing director of the alternative investments and manager selection group and CIO of hedge fund strategies at Goldman Sachs Asset Management.