|2010 has been a difficult year so far for the hedge fund industry, and Asian hedge funds have fared particularly poorly. But there are exceptions: according to Bloomberg, Senrigan Capital Group, Turiya Capital and Janchor Capital Partners have all at least doubled their assets. Senrigan Capital tripled its assets to $615 million, Turiya Capital doubled assets to $320 million, and Janchor’s AUM increased fivefold. These three hedge fund startups, all focused on Asia, are the anomalies in the sea of struggling Asia-focused hedge funds, who are overall having difficulty raising assets and winning back investor confidence.|
Senrigan Capital is an event-driven fund that was founded in November of last year and is backed by Blackstone Group LP. Turiya Capital was founded earlier this year by former Goldman Sachs trader Davide Erro. Janchor Capital Partners is a long/short equity hedge fund that is based in Hong Kong.