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: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.