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Asia hedge funds remodeled in industry makeover

Date: 16 Nov 2009

The shake-up in the region’s hedge fund industry is raising standards for new entrants and has forced many to seriously re-consider their offerings. The key will be making sure lessons are learned.

Keywords (click to search): [hedge funds] [Asia] [Wong Kok Hoi] [APS Asset Management] [Vincent Duhamel] [SAIL Advisors] [Raj Rajaratnam] [The Galleon Group] [Peter Douglas]

Pamela Tang
To judge by the comments of some hedge fund managers and service providers, Asia’s hedge fund industry has undergone a complete makeover over the past few months.

“[Hedge funds] now articulate their investment processes more clearly and how they generate alpha,” declares Wong Kok Hoi, chief investment officer of Singapore-based APS Asset Management.

“You cannot hope to get away by speaking in a foggy language or making the claim that you have a proprietary black box that creates alpha but the details of which you cannot disclose. Those things don’t work anymore.”

Vincent Duhamel, chief executive of SAIL Advisors, a Hong Kong-based fund of hedge funds, added: “Every time you have a crisis where you have a significant percentage of the industry wiped out, what is left is very good. They’ve survived, have scars on their backs and have learned a lot from the experience. 2009 is one...

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