By Nishant Kumar
HONG KONG | Tue Oct 27, 2011-11: 08-BST
HONG KONG (Reuters) - Asia hedge funds, fight the industry, to his crisis size at any time as soon as the recent global market slump is seen again threatens investors which hold, new mappings to them and delay, the new product launches.
That's the bad news for the dozens of startups, Prime brokers and service providers, who set up shop or expanded in Asia, in the hope to return to the capital of the region.
Regional based hedge fund assets, the contracted 5 percent in the first half of 2011 to 145 billion $ (93 billion pounds), $ 47 billion below the top meet showed in December 2007 when defensive portfolio returns cut off and investors started the brakes, capital reallocation, new data from industry Tracker AsiaHedge on Monday.
On the other hand that world again its crisis asset levels last year and then new highs of over $2 trillion, according to hedge fund research scale.
Although total assets of hedge funds Asia ausgerichtete-- with many large funds not disclosing their assets to data providers-are probably higher industry insiders say remain assets under the highest level.
"Given the fair, which is the world in, I only risk appetite, which this year see again", said Peter Douglas, founder of Singapore HF consulting GFIA Pte.
Chart on Asia hedge funds: r.reuters.com/dun93s
Map on the net: r.reuters.com/vek83s
Capital flows in regional funds started to tick favouring funds such as Blackstone (BX.) by starting mid-2009 with investors,(N) secured Senrigan, Dymon Asia capital and Macquarie Asian Alpha Fund, promoting their assets over $ 1 billion this year.
However, a crisis of the global stock markets on concerns about the State of the US economy and the European government bond crisis investors, who wait until the dust to settle before the new allocation of the region is seen.
A 20 percent decline which has Asian shares since August wiped out the entire performance increases by regional hedge funds for the year of the Eurekahedge Asia index measured. And the prospects for a return for the rest of the year remains blurred.
"I don't see how we can see an enormous amount of inflows in the rest of the year," said James Fallon, Director, finance, sales in Asia-Pacific, with Bank Corp. (BAC.) of America(N).
"Performance is hard to get, so that it may be hard again to all-time highs," said Singapore-based Fallon.
CANCELLED, MARKETING TRAVEL
Generally the second half of the year is also when hedge fund launches tends to slow down in Asia.
New start-ups in the second half of the year have attracted, much less capital as the first half of the year in four of the last five calendar years according to AsiaHedge.
While the market for start-ups in Asia was frozen and seed capital or capital of the day, still available, is Manager with family tree some investors still and success story, is a struggle for most of the scale.
"It is to delay," said Julius Wang, Managing Director at Samena capital, that provides seed capital.
"The number of people who start now, money is much lower when we saw this year."
Have fund managers delay travel to market their products in the United States and Europe already.
"We see review some clients, and in some cases delayed marketing travel in Europe and the United States in the current market environment,", Martin Visairas, Asia Pacific, said head of sales and capital introduction at Citigroup (k.n).
"For some funds, performance was challenging, and investors have an approach generally wait-and-see, prefer their existing allocations of new investment, focus, understanding of the impact of the current market conditions" of the Hong Kong-based Executive added.
CAPACITY LIMITATIONS
In contrast to 2008 when drains significant Asian hedge funds suffered, saying the industry insiders are withdrawals normally and continue to, that to get some Manager tributaries.
Asia Fund moved a new money for the 16th month in a row in August, to increase their total inflows for 2011 to $7 billion as investors of volatile markets shrugged off and raised bets on the rapid growth of the region.
"I have a feeling that should (tributaries) has to slow down now and are expected to release comes in, given what's going on in the markets, I would guess that." But as of yet we have not seen that "Fallon of America, the Bank said."
There are limits on how hedge funds are usually far less money than traditional long-only funds manage and closed doors for new investors fear higher assets would affect performance. For many hedge funds in Asia, the $1 billion is raised an alarm.
, Greater China managed $1.7 billion by well-known Fund Manager, and performance, such as Prime capital short equity, Senrigan and the 2-billion dollar Azentus, run by former Goldman Sachs (GS.) long many of the big funds(N) Star trader Morgan Sze, have already closed, the new investors.
(Editing by Muralikumar Anantharaman)
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