A build-out of its regional distressed assets team is to come as the private equity firm puts greater focus on China.
Rapid expansion into alternative asset management and futures by brokerages with limited experience in these segments is expected to present a plethora of advisory opportunities.
Pensions are raising allocations to alternatives, with investments in Asia accounting for a fast-growing proportion of assets, says a Towers Watson survey.
Carol Hall joins from Walkers to oversee the regional build-out of alternatives services.
The Indonesian asset manager has just launched a quantitative retail equity fund and will target overseas institutional investors with a private equity offering next year.
The plan is to increase their allocation to alternative assets from 11% to 17% by 2012 which is a bigger jump than in other regions, according to a Russell Investments survey.
Meanwhile, global macro and natural-resource hedge-fund strategies are attracting particularly strong interest, says US research firm Brighton House Associates.
And the trend towards greater transparency continues, with the release of the first annual report from Abu Dhabi Investment Authority.