Monday, 25 May 2015
Last updated 2 days ago
Apr 15 2014 | 10:50am ET
Investors' taste for Chinese hedge funds is on the wane, according to a new poll.
Demand for hedge funds focused on Greater China fell from 24% last year to 18% this year, the Credit Suisse survey shows. By contrast, demand for Japan-focused hedge funds more than doubled to 33%, from 16% last year and just 7% in 2012. Investors planning or considering an increase in their Japanese holdings remain behind those seeking greater exposure to developed Europe, which stood at 43%.
The sudden jump in interest in Japan is easily explained, after the country's hedge funds posted some of the best returns in the world in 2013. The dip in interest in Chinese funds is more complicated, but can be explained at least in part by growing knowledge of the industry and growing discernment between those funds focused on domestically-listed companies and those on Chinese companies listed abroad.
Investors are also shying away from Asia-Pacific funds, with demand falling to 25% from 35%. Global funds saw a small increase in interest, from 22% to 26%.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…