Tuesday, 1 December 2015
Last updated 16 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 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…