Saturday, 20 September 2014
Last updated 21 hours 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.