Woori brokerage has joined forces with SkyBridge to distribute the US firm's FoHF products in Korea, potentially giving the alts manager a foothold in the local hedge fund market.
Assets managed by Asian funds of hedge funds have fallen by half to $16 billion on the back of poor performance and a growing trend for direct investments by institutions.
Launch of China office to follow merger with fellow fund of hedge fund Fauchier, underlining a growing emphasis on the country’s nascent hedge fund market.
Matrix Group, which is liquidating its hedge fund unit, has already wound up two Asia strategies, although a regional property income vehicle remains intact.
The Swiss fund of hedge funds plans to make its first investments in Asia during a downturn, which CIO Ernesto Prado expects to result from eurozone problems.
Sovereign wealth funds are finding volatility tough to navigate, while hedge funds are battling unrealistic investor expectations, say panellists at the Salt Singapore summit.