WEST PALM BEACH, FL (www.hedgeco.net) – Alpha Magazine has ranked UBS as the leading brokerage firm that provides the best Asian equity research to hedge funds. The Alpha survey included funds withan aggregate gross exposure to Asian equities of about $55 million. The study reticulated the responses of hedge fund managers, on the question of which brokerage firms do hedge funds believe providethe best Asian equity research. According to the findings, UBS received the highest number of votes for the team position, having won in 17 of the 29 different categories in the All-Asian ResearchTeam arena.
Hedge funds that participated in the survey commented on the qualities of services which brokerage firms provide to hedge funds; thoughtful analysis, stock selection and number-crunching capabilities are among some of the most important. Paul Bernard, co-head of Asian research at Goldman in Hong Kong said, “It’s been our experience that long-only as well as hedge fund clients look for the same thing – strong fundamental research delivered succinctly.”
Hedge fund managers also like the ability of analysts to report both good and bad news alike; such tendency is growing among the Asian sell- side researchers. Other brokerages which did well in the survey includes, Goldman Sachs (Asia), CLSA Asia-Pacific Markets, which ranked 2nd and 3rd respectively, while Morgan Stanley ties with Smith Barney Citigroup for the fourth position. Further details about the study is available on www.institutionalinvestor.com/alpha
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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