Institutional Investor's Alpha Magazine - July/August 2008 - (Page 50)

Asia Hedge Fund 25 Alpha’s Asia Hedge Fund 25 Rank 2008 2007 Firm/Fund name(s) 11 9 Tantallon Capital (Singapore) Tantallon Fund BRIC Fund Smaller Cos. Fund Japan Fund Bass Rock Fund 12 19 Paciﬁc Alliance Investment Mgmt (Central Hong Kong) Asia Opportunity Fund 13 4 Penta Investment Advisers (Central Hong Kong) 14 17 Lim Advisors (Central Hong Kong) Asia Arbitrage Fund Japan Fund 15 16 Sofaer Capital (Central Hong Kong) Natural Resources Hedge Fund European Hedge Fund Global Hedge Fund Asian Hedge Fund Paciﬁc Hedge Fund 16 — Bayview Asset Mgmt Co. (Tokyo, Japan) 16 6 Lapp Capital (Singapore) 18 24 Income Partners Asset Mgmt (H.K.) (Central Hong Kong) Asian Credit Hedge Fund Asian CRC Hedge Fund Asian Special Finance Hedge Fund Global Credit Hedge Fund Asian Multi-Finance Hedge Fund 19 18 Nezu Asia (Central Hong Kong) Cyclicals Fund Cayman Fund Asia Mid-Cap Fund Concentrated Fund 20 10 Asuka Asset Mgmt (Tokyo, Japan) Opportunities Fund Value Up Fund Japanese Equity Long Short 21 19 Symphony Financial Partners Co. (Singapore) Value Realization Fund Asia Fund 22 15 Argyle Street Mgmt (Central Hong Kong) 23 — Helios Capital Mgmt (Singapore) Helios Strategic Fund 24 21 UG Investment Advisers (Singapore) Great Wall Hidden Value Fund9 Hidden Dragon Balance Fund9 Greater China Multistrategy Fund9 Hidden Dragon Undervalued Assets Fund9 Adwell Great Wall Absolute Return Fund9 25 — Asia Genesis Asset Mgmt (Singapore) Japan Macro Fund * Alpha estimate. 1 Converted from yen at March 31, 2008, Firm/Fund capital ($ millions) $1,749 1,612 98 22 12 5 1,600 1,600 1,500* 1,395* 929* 54* 1,100 370 250 200 150 60 1,000* 1,000* 970 300 245 165 50 31 891 422 355 60 54 846 305 292 249 840 8 570 8 175 8 820* 785 713 766 164 164 144 124 21 6951 6951 Return net of fees (%) 2007 Q1 2008 Style 20.24% 3.47% 35.14 7.33 15.05 9.67 –7.32 6 –0.45 8.8 6 –15.26 42.74 2.4 Long-short equity Long-short equity Long-short equity Long-short equity Long-only equity Multistrategy arbitrage, activist, distressed securities, event-driven 20.23* –2.55* Multistrategy arbitrage 2.84* –0.26* Japanese event-driven multistrategy 57.2 8.2 9.1 41.0 32.9 –9.4 3.0 –10.3 –9.0 –8.8 Long-short equity Long-short equity Long-short equity Long-short equity Long-short equity 9.1 8.9 7.6 7.2 7 24.7 34.4 45.8 19.4 7.18 13.65 –4.3 –14.8 –8.9 –10.0 3.53 3.11 Long-short credit, credit arbitrage Long-short credit, credit arbitrage Fixed-income arbitrage, event-driven Long-short credit, credit arbitrage Multistrategy arbitrage, event-driven Japan-focused Asian equity long-short Japan-focused Asian equity long-short Asia ex-Japan mid- and small-cap equity long-short Concentrated Japan-focused Asian equity long-short Multistrategy Constructive activist Long-short equity Event-driven Event-driven Equity long-short 53.1 91.0 34.88 63.37 53.9 11.95 –3.0 –3.6 5.04 –2.32 –13.8 2.52 Activist value creation Long-short equity, credit Multistrategy arbitrage Activist value creation Long-short equity Macro 8 Assets are as of January 31, 2008. 9 Performance is for A-class shares. 6 Since September 1, 2007, inception. 7 Since October 1, 2007, inception. exchange rate. 50 • INSTITUTIONAL INVESTOR’S ALPHA • JULY/AUGUST 2008

Table of Contents Feed for the Digital Edition of Institutional Investor's Alpha Magazine - July/August 2008

Institutional Investor's Alpha Magazine - July/August 2008 Contents Letter from the Editor Longs & Shorts Pension Corner: Mr. Big Goes Small The Good Guys: Adopt This School! Interview: Man's Great Hope Cover Story: The Gentleman Activist Strategies: The New Bankers Profile: Staying Alive Research Center: The Best of the East The Asian Sensations Alpha Bytes: Into the Light Unhedged: Commentary: Speculating on Washington

Institutional Investor's Alpha Magazine - July/August 2008

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