The 15 Biggest Asian-Based Hedge Funds

Founded: 1997

AUM: $673.2 million

Manager: Ophelia Tong

• Tong co-founded HT Capital with her husband Karl Hurst.

Strategies: Long Equity

• HT's two funds combined to return 6.08% last year.

Source: Bloomberg

Founded: 2000

AUM: $727 million

Manager: Scobie Ward, Peter Ferry

• Ward - Former trader, Lloyd George
• Ferry - Former Chief Marketing Officer, Lloyd George

Strategies: Long Equity

• Annualized return of 13.25% across three funds for 2010.

Source: Bloomberg

Founded: 2006

AUM: $779 million

Manager: Leong Wah Kheong

• Former Executive Director, Schroder's Singapore

Strategies: Long Equity

• 18.13 Annualized Return for both funds.

Source: AR Capital

Founded: 1993

AUM: $800 million

Manager: Emil Nguy

• Founder Lippo Investments, Jakarta.

Strategies: Long/Short Equity, RMB

• Asian Credit Fund returned 43.46% last year

Source: Bloomberg

Founded: 2008

AUM: $1 billion (approx)

Manager: Danny Yong

• Former trader at Goldman Sachs
• Founder and CIO of Abax Global Capital

Strategies: Macro

• Has reportedly received commitments of another $1 billion for the next fiscal year.

Source: Bloomberg.com

Founded: 1995

AUM: $1.08 billion

Manager: George W. Long

• Founder of BZW Asset Management (now Barclay's Global)

Strategies: Long Only, Property

• 12% annualized return since 2002

Source: Bloomberg

Founded: April, 2011

AUM: $1.3 billion

Manager: Morgan Sze

• Former head of Proprietary Trading, Goldman Sachs.

Strategies: Credit, Long/Short Equity

• Returned roughly $300 million in first month.

Source: Reuters

Founded: 2004

AUM: $1.55 billion

Manager: Michael Coleman

• Former Vice-President, Cargill Rubber

Strategies: Managed Futures

• Returns undisclosed

Source: Bloomberg

Founded: 1998

AUM: $1.63 billion

Manager: Robert Clive Appleby

• Former trader at Credit Agricole, Asian Fixed Income Division

Strategies: Distressed Securities

• Flagship Galleus Fund returned 13.28% last year.

Source: ADM Capital

Founded: 1995

AUM: $1.92 billion

Manager: Wong Kok Hoi

• Former Vice-President, Cititrust Japan

Strategies: Long/Short Equity

• Avg. Annualized Return of 13.46% across all seven funds.

Source: Bloomberg

Founded: 2003

AUM: $2.04 billion

Manager: Joe Zhou

• Wharton School of Business, Ph.D (Finance)
• Co-Founder of Divergence Capital Management

Strategies: Macro

• Returned 27.89% for 2010

Source: Ortus Capital

Founded: 1997

AUM: $2.6 billion

Manager(s): James Alexandroff, Lindsay Cooper, Torquil McAlpine

• Alexandroff: former trader at LGT Management, Hong Kong
• Cooper: former trader at Crosby Securities, Hong Kong
• McAlpine: former trader at Schroder's, Korea and Singapore

Strategies: Long only consumer investment

• Annualized return of 13.3% for Asian Consumer Fund.

Source: Arisaig Partners

Founded: 2005

AUM: $5 billion+

Manager: Lei Zhang

• Yale School of Management MBA
• Former trader at Yale University Investments

Strategies: Long Equity

• Started with $30 million AUM
• 52.5% Annualized returns since 2005

Source: Hillhouse Capital

Founded: 1989

AUM: $6.7 billion

Manager: Shuhei Abe

• Former analyst at Nomura Securities
• Founded Abe Capital in 1985

Strategies: Undisclosed

• Returned a loss of roughly $46 million for the most recent fiscal year across all funds.

Source: Sparx Group Co., Ltd.

Founded: 1993

AUM: $8.6 billion

Manager: Cheah Cheng Hye, V Nee Yeh (now Founder and CEO of Argyle Partners)

• Former trader at Morgan Greenfell
• Former journalist for Asian Wall Street Journal

Strategies: Long/Short Equity, Fixed Income

•  19.9% Avg. Annualized Return across all six funds

Source: Value Partners

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