Sunday, 5 July 2015
Last updated 1 day 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…