SOURCE: Institutional Investor

Institutional Investor

July 27, 2011 17:01 ET

Value Partners Again Tops Institutional Investor's Annual Ranking of the Biggest Asia-Based Single-Manager Hedge Fund Firms

The 2011 Asia Hedge Fund 25 Reveals a Mature and Dynamic Industry

NEW YORK, NY--(Marketwire - Jul 27, 2011) - As they put the financial crisis behind them, Asia-based hedge funds are looking stronger than ever. With $8.6 billion in assets, Value Partners once again claimed the No. 1 spot in the Asia Hedge Fund 25, Institutional Investor's annual ranking of the region's 25 biggest single-manager hedge fund firms. Reflecting a new maturity that has helped make Asian hedge fund managers popular with savvy investors, Hong Kong-based Value Partners is moving toward the next growth stage by expanding into Greater China and Southeast Asia. In the 12 months ended April 1, the firm saw its assets surge by more than 50 percent. During the same period, assets managed by the Asia Hedge Fund 25 grew 31.6 percent, to $47.5 billion.

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.

2011 Asia Hedge Fund 25 top five:
Rank Firm Name Total Assets Under Management
($ millions)
1 Value Partners $8,599
2 Sparx Group Co. $8,116
3 Hillhouse Capital Management $5,000
4 Arisaig Partners $2,435
5 Ortus Capital Management $2,330

For the complete Asia Hedge Fund 25 ranking, visit www.institutionalinvestor.com.

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