Private bank, consumer clients diversifying into hedge funds

Private bank and top-end retail clients are showing increasing interest in hedge funds and even more illiquid asset classes as they await a macro catalyst to re-enter equity markets, says Roger Bacon of Citi Private Bank. Bacon runs Asia-Pacific managed investments and is responsible for selection of traditional and alternative funds across the region. He joined in September 2010, having previously built a discretionary and advisory customised hedge fund business at Union Bancaire…