Asia’s big guns end 2012 strongly after buoyant Q4
January 14, 2013
Some of the largest hedge funds in Asia saw positive returns in the fourth quarter of last year, enabling them to end 2012 on a strong note after what was a highly challenging year for many Asia-focused managers.
Davide Erro’s Turiya Capital was one of the top performers among the Asian billion dollar club managers, delivering 7.8% in 2012 after a 2.42% gain in December.
Meanwhile, John Ho’s Janchor Capital, the Hong Kong-based shop with a long-term fundamental-based investing approach, has had another strong year with returns well over 7%.
Over three years – the period over which it is more appropriate to judge the performance, given its long-term investment strategy and lock-up – the return is an impressive 59%.
Meanwhile, Carl Huttenlocher’s Myriad, which has an Asia Pacific integrated multi-strategy approach, has also brought in a heathy performance in 2012 on the back of a strong fourth quarter – delivering returns of between 6-7% (based on preliminary estimates) by end-December. China–focused Dragon Billon is also understood to have been up by 1.34% in December, bringing its 2012 gains to almost 5%.
Hong Kong-based Azentus Capital’s multi-strategy fund is also understood to have racked up good returns in December (up 2.4%) – which brought the return for the year to roughly flat at 0.8%. The fund is run by highly-regarded former head of Goldman Sachs’ Principal Strategies group, Morgan Sze.
Nick Taylor’s Senrigan also had a positive run (up 1.54%) in December, with a strong Q4, ending what had been a rather difficult year for it, down 11.45%, according to investors. Meanwhile, currency-focused Ortus Capital struggled all year and is understood to have been down by a little over 17% in 2012.