Asian families shunning hedge funds

Rich Asian families did not make major changes to their portfolios following the 2008 crisis, but one thing they are doing is dialling down their exposure to hedge funds, said family office executives during a recent discussion hosted by AsianInvestor*. This will be worrying for hedge fund managers, since wealthy individuals have traditionally formed a substantial part of their client base. "The Asian financial crisis in 1997/1998 had a huge effect on our clients’ whole outlook,…