Asian hedge funds face stiff competition for allocations

Asian hedge funds launching this year will find investor interest not seen since the sector’s pre-crisis peak in 2007, but will vie for capital in a highly competitive environment and face a thorough due diligence process, say Bank of America Merrill Lynch capital introduction executives. “This year is going to be a big year for start-ups, as we’re seeing a lot of launches globally,” says Mairead Kenny, head of BoA Merrill capital introduction for Europe, the Middle East and Afric…