DJ Hedge Funds In Asia Are Increasing Risk Appetite - Study HONG KONG (Dow Jones)--
Asia-focused hedge funds are gaining an increased appetite for risk, raising their exposure to credit markets and special situations, according to a new study by research firm Oliver Wyman. The study, which surveyed 60 of the largest Asia-focused hedge funds, found that nearly 80% are investing in China and India's credit markets. The third most attractive market for credit activity was Japan, followed by Taiwan and Korea. Corporate bonds are the most actively traded products with 86% of funds trading bonds. In addition, 77% of funds are active in trading credit default swaps, 46% are trading convertible bonds and 32% are trading banking loans. Special situations are another big area for hedge funds in the region with 75% of funds surveyed calling special situation deals "important" to their business. 79% of hedge funds are active in privately placed high-yield debt deals in Asia. The biggest market for special situations is Indonesia, which has seen hedge fund interest in its natural resources sector. The interest comes as large, global hedge funds are expanding their presence in the region, bringing with them an increased appetite for risk. Hedge funds in Asia have tended to be more conservative than counterparts in Europe or North America. Equity long-short funds are the most common in Asia, and many funds have had a long bias. Many Asian equities markets have been on a tear and some regional markets have restrictions on stock shorting. But global funds' "bigger risk books have moved to Asia," said Bradley Ziff, director of the hedge funds advisory practice at Oliver Wyman. -By Ellen Sheng; Dow Jones Newswires; 852-2832-2336; [EMAIL PROTECTED] (END) Dow Jones Newswires November 06, 2007 19:01 ET (00:01 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.- - 07 01 PM EST 11-06-07 Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. DILARANG KERAS MEMOSTING OPINI PRIBADI TENTANG POLITIK DI MILIS INI. Silahkan lakukan itu di milis [EMAIL PROTECTED] [EMAIL PROTECTED] untuk berhenti dari milis saham [EMAIL PROTECTED] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
