For technology companies, Taiwan is home to the biggest custom producers of chips used in products like Apple ’s iPhone and Dell computers. For hedge funds, it’s a cornucopia of confidential data, leaked from chipmakers and parlayed into an edge in trading stocks of their U.S. customers.
Asian hedge fund managers, especially startups and those overseeing smaller amounts, are finding it tough to raise money as investors remain wary of the industry after the financial crisis, consultants and asset managers said.
Senrigan Capital Group Ltd., an Asia-focused event-driven fund backed by Blackstone Group LP, lost almost 15 percent in the first six months of this year, according to a performance estimate sent to investors.
Japanese pension funds may shun smaller hedge funds in favor of larger ones after the suspension of AIJ Investment Advisors Co. by the nation’s regulator for possibly losing clients’ money, according to GFIA Pte.
When Rory Dickson was planning a fund to invest in Asian consumer-related stocks, uncertainty over how much money he would start with meant he faced the prospect expenses would exceed the fees he stood to generate.