The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
However, some funds did shoot out the lights. At present, the fund topping the charts is Rising China Fund with a 70.85% return. That fund is managed by the Shanghai-based fund management company Pinpoint.
Picking the right fund was important for Pinpoint investors, because the Pinpoint Opportunities Fund was down 43% in 2008.
In silver and bronze position are the Abaxs Index CAC fund and Vincent WongÆs macro-themed Vegasoul Fund. These two returned 64.4% and 63.4% respectively.
In fourth and fifth slot are two bond funds from Stratton Street, which were up 59% and 57%. They were followed by Pivot Global Value Fund with a 50.3% return and the BIA Pacific Macro Fund up 50.2%, the latter being from the stable of the Hong Kong hedge fund industry's blonde heartthrob Andrew Ballingal, and managed by Geoffrey Barker.
The Stratton Street triumph is also bittersweet, because three Stratton Street funds bring up the rear of the field, with the Stratton Street Dejima fund, Japan Synthetic Warrant Fund and India Synthetic Warrant Fund down between 93% and 96%.
During the last quarter of 2008, there were some well-known fund managers that closed their funds. The list includes the Boyer Allan India Fund in December, LIM Asia Alternative Real Estate Fund in November, the Dragon Billion Greater China Fund and the Tantallon Smaller Companies Fund in October.
Looking at the AsianInvestor hedge fund award winners for 2008, the best performer for 2008 was our æBest Asia Pacific Fund' winner û Artradis AB2 Fund, with a 34.7% return û and that fund is currently riding high in the charts in 17th place.
Regional institutions’ internal investment managers outperformed their external peers, underlining that they are just as vital as modern asset allocation strategies.
AsianInvestor describes why we chose the top funds across a series of key asset classes.
The RM82.64 billion ($20.6 billion) Malaysian Hajj fund, which recently completed a restructure, is looking to diversify globally but remains cautious of risky assets.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.