Private banks see hedge fund demand rising

Hedge funds are coming back into favour in Asia, say executives from Citi Private Bank and Pictet Wealth Management, speaking on a private roundtable for product selectors hosted recently by AsianInvestor. The asset class represents by far the fastest growing part of Citi Private Bank’s business in Asia right now, with the firm citing an eightfold increase in sales of these strategies since 2012. This admittedly comes from a very low baseline in 2012, when “nobody was buying hed…