Managers across the board pare risk as market uncertainty takes hold, leading to narrow losses among Asia ex-Japan hedge funds.
A preliminary report by FRM predicts a choppy summer for markets, following last month's volatile conditions which threw off hedge funds in Asia and globally.
Man Investments is providing $150 million in proprietary capital to subsidiary GLG Partners' first Asia-focused hedge fund strategy, and expresses optimism over institutional interest in alternatives.
FRM’s Japan office is on track to raise $100 million for a Japan-focused strategy of hedge funds.
Marc Fisher takes over as head of the Hong Kong office for FRM, a global provider of funds of hedge funds.
IBK Securities will be the first Korean securities company to co-brand a hedge-fund platform with a foreign alternative-investment firm.