US$70B Up For Grabs For Hedge Funds In Asia

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.

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