Sunday, 26 April 2015
Last updated 2 days ago
May 27 2014 | 12:37pm ET
Hedge funds will be battling for a piece of up to US$70 billion in Asia over the next several years, according to a new survey.
The Barclays poll shows that Asia’s share of the global hedge fund pool could grow by about US$35 billion in new money. An equal amount already invested in the space will also be up for grabs, Asian investors and hedge fund managers said.
The Asia-Pacific region currently accounts for about US$150 billion of the nearly US$3 trillion managed by hedge funds worldwide.
“There’s this perpetual sense of enthusiasm that tends to originate primarily from North American-based managers that a pot of gold exists in Asia that has yet to be accessed,” David Bennett, head of capital solutions in Asia, told The Wall Street Journal. “There is definitely a lot of potential here in terms of raising assets,” he acknowledged, but “realizing that potential is a very different matter.”
Barclays said the richest potential sources of capital could be Japanese corporate pensions, Australian superannuation funds, Korean institutional investors and Chinese insurers.
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…