Neuberger May Invest More In Asian Hedge Funds

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.

 


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...