Renaud de Planta, one of Pictet’s eight partners, discusses the firm's strategy for its Asia funds business, which includes a major regional expansion.
Surveys from Credit Suisse and Deutsche Bank find North America and Europe hedge funds are recording net inflows at the expense of Asia and emerging-markets funds.
In fact, asset managers are as bearish as they have been since early 2009 on several counts, according to Bank of America Merrill Lynch's June fund manager survey.