PAAMCo Hires Latin America Manager, Eyes Asia

Feb 9 2011 | 10:48am ET

Pacific Alternative Asset Management has taken a step towards its goal of becoming "more diversified globally" with an investment in a Latin American hedge fund.

The $10 billion fund of hedge funds did not disclose who won the allocation, or how large it was. But the firm's head of European research, Lisa Fridman, told HFMWeek, "we recently funded a manager in Latin America."

PAAMCo currently has a "relatively small allocation to emerging markets," but that is changing, if only modestly. Fridman said that, in addition to the Latin American fund, the firm has "found some interesting trade ideas in emerging Asia."

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