Ping An Russell Investments will provide access to domestic hedge fund managers in a product for both wealthy clients and US dollar investors through QFII.
The firm is placing country heads in Korea, Hong Kong, Tokyo and Singapore as it strives to expand its multi-manager offering to large institutional clients across the region.
Internal governance and compliance needs have left institutional managers with less time for due diligence and research, sparking interest in multi-manager services, says Northern Trust.
The consulting firm has hired Stephen Roberts from Russell Investments as Asia-Pacific head of investment management and plans to compete in the multi-manager market in the region.
AsianInvestor asked Simona Paravani of HSBC Global Asset Management and Northern Trust's Bert Rebelo for their outlook on multi-manager investments in 2010.