Saturday, 10 October 2015
Last updated 10 hours ago
Oct 27 2010 | 11:47am ET
New York-based Neuberger Berman Group is planning to apply for qualified foreign institutional investor status in China and may open an office and make new investment staff hires in South Korea, Asian Investor reports.
"In view of the incoming Basel III capital-adequacy rules and Volcker rule, banks are less likely to make investments in hedge funds, leaving more opportunity for other firms," CEO George Walker told AI on a recent visit to the region.
Currently, about 10% of Neuberger Berman's $3.7 billion in fund of hedge funds assets are invested in Asia-focused funds.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…