GAM's Asian hedge fund investments hit $2.5 billion

How much of GAM's assets are currently in fund of hedge funds? Smith: GAM currently manages assets of about $35 billion, of which around $20 billion is dedicated to hedge funds. Our multi-manager business has grown significantly this year. In the first eight weeks of 2004 we received an inflow of $3 billion. After the solid performance from hedge funds in 2003, fund of hedge funds have been very much in vogue. I think GAM has benefited disproportionately from this trend due to our …