Asia Focus Lifts Tiger Cub

Wanting to get the benefit of Asia’s fast-growing economies, institutions seek managers experienced in this area. One fund that’s received money from large investors is Asian Century Quest.

Brian Kelly founded Asian Century Quest, a long/short Asian stock fund, in 2005.  He is often described as a tiger cub because of a connection to Julian Robertson’s Tiger Management.

As the share of emerging markets in general and Asia in particular continues to grow in institutional portfolios, funds like Mr. Kelly’s are likely to get larger allocations. Emerging markets investments may account for as much as 20% of portfolios in a few years, according to one investor.

Much of the capital flow to emerging markets takes the form of long-only investments, particularly in index funds, but some is going to long/short hedge funds.

US hedge fund firms started moving to Asian markets years ago in response to trade opportunities but many do this within diversified funds and don’t have separate investment programs devoted to the purpose. Investors prefer specialist funds in order to make sure they’re getting the desired exposure.

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