Asia Hedge Fund 25, the sixth annual ranking published by Institutional
Asia Hedge Fund 25, the sixth annual ranking published by Institutional Investor of the biggest Asia-based single manager hedge funds, saw Hong Kong’s Value Partners come in at number one: retaining top position for the second year running. The self-described contrarian stock picker saw its assets balloon more than 50 per cent in the twelve months ended April 1 to USD8.6billion in AUM. “We don’t look at ourselves as a Hong Kong manager as such, I think we have to look at ourselves as a China fund management firm,” Value Partners CEO Sheung Lai (Jimmy) Chan (pictured) was quoted as saying. The firm already has a China hedge fund and has a team of six Shanghai-based analysts scanning the A-share market. It also recently agreed to buy a majority stake in Taiwan’s KBC Concord Asset Management Co. Coming in at number two was Tokyo-based SPARX Group Co (including Cosmo and PMA Capital Management) with USD8.1billion in AUM. Beijing-based Hillhouse Capital Management (USD5billion) came third, Singapore-based long-only firm Arisaig Partners (USD2.4billion) came fourth and Hong Kong’s currency-trading hedge fund advisor, Ortus Capital (USD2.3billion), took fifth spot. As of April 1, the Asia Hedge Fund 25 managed a combined USD47.5billion: an impressive y-o-y increase of 31.6 per cent. Of the 25, 14 hedge fund firms are located in Hong Kong, with six in Singapore, highlighting the importance these two centres have in shaping the evolution of Asia’s growing hedge fund industry.
