Friday, 22 August 2014
Last updated 1 hour 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 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note