WEST PALM BEACH, FL (www.hedgeco.net) – Hedge funds investing in Asian equities are likely to achieve better returns during the next six months of 2005. Such prediction was based on anticipation ofimproved economic prospects for the region. So far this year emerging market hedge fund managers have achieved about 5 percent compared to between 1 and 2 percent achieved by the hedge fund industryas a whole.
Baring’s head of alternative investment, Tom Maier, believes the markets may consolidate around a narrow trading range prior to resuming an upward trend. He said, �Barring a U.S. recession, Asian markets are likely to have a positive tone for the remainder of the year.� He added, �Volatility … means market timing is a key investment decision, which not many can get right, at a time when the prospects for growth around the world are looking mixed, we continue to believe that an overweight stance in Asia is justified.”
Baring Asset management is a fund of hedge funds manager since 1999, investing in a range of over 60 fund of funds vehicles, dedicated to a variety of investment instruments, with the aim of increasing the diversification of their portfolios. Maier oversees more than 90.8 million in Asia focused hedge fund management vehicles.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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