PAAMCo. Seeks Assets, Managers In Asia

Apr 25 2013 | 10:26am ET

Fund of hedge funds Pacific Alternative Asset Management Co. is looking across its namesake ocean for new investors and new investments.

Irvine, Calif.-based PAAMCo. hopes to diversify its investor base by luring pension funds and sovereign wealth funds in Asia, David Walter, a Singapore-based director for the firm, told Bloomberg News. Currently, U.S. clients account for 85% of PAAMCo.'s assets.

"Asian investors are becoming more sophisticated and open to alternative investments," Walter said. "There is now great potential to expand our relationships in the region."

"As investors get more sophisticated, they are increasingly going directly into large global hedge funds," he added. "That's where we see interest—is working with them in building customized portfolios of emerging managers to complement their existing holdings."

PAAMCo. is also looking at Asian hedge fund managers, especially relative-value and high-yield managers. The firm currently invests in only about 10 managers focused on the region.

"I feel strongly there is alpha in the region and that as markets and economies develop, these opportunities will persist and grow, but the key is identifying people who can capture them," Walter said. "As we invest in emerging managers, we have to spend a lot of our time getting these guys up to speed."


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.