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2009 Asia 100 -Asia's Biggest Money Managers
Overview | Japan Equities | Japan Bonds | Japan Misc | Australia Equities | Australia Bonds | Australia Misc | International Equities | International Bonds | International Misc | Other Countries Equities | Other Countries Bonds | Other Countries Misc | Methodology | View Article | 2008 Results |


Overview

Assets Decline for Asia's Biggest Money Managers

They say a rising tide lifts all boats, but dont tell that to Asian fund managers. The stunning rebound in Asian stock markets this year has failed to benefit most of the regions fund managers. Most investors are still licking their wounds from last years declines and have stayed on the sidelines this year.

Assets under management of the Asia 100, Institutional Investors annual ranking of the regions biggest money managers, declined by 11.8 percent, to $9.7 trillion, in 2008. Many big firms report little recovery in business so far this year. Assets at ING Group, the Dutch banking and insurance group that is the third largest international manager in Asia, have been roughly flat so far this year after tumbling by 25 percent in 2008, to $121.3 billion, says Grant Bailey, the firm’s Hong Kongbased regional general manager for Asia. "Clients are still quite wary," he explains.

"Investors are somewhat shell-shocked and finding it hard to come out of their burrows and write checks," says Paul Smith, CEO of Triple A Partners, a Hong Kongbased seeding platform for hedge funds. "There have been no new allocations to speak of coming into Asia." 

More-detailed coverage of the 2009 Asia's Top 100 Money Managers can be found in the September issue of Institutional Investor. To start your subscription, click here.

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