With abundant capital domestically, onshore hedge funds are in no hurry to expand abroad, while mutual funds are planning launches of offshore long/short equity strategies.
With only 604 fund strategies launched this year, new launches are set to dip to lows not seen in a decade, as regulation and competition for capital take a toll.
The Swiss fund of hedge funds will be the first foreign firm to take a stake in a Chinese sunshine trust, under a joint-venture enabling cross-access of products and investors.
Woori brokerage has joined forces with SkyBridge to distribute the US firm's FoHF products in Korea, potentially giving the alts manager a foothold in the local hedge fund market.
Assets managed by Asian funds of hedge funds have fallen by half to $16 billion on the back of poor performance and a growing trend for direct investments by institutions.
Launch of China office to follow merger with fellow fund of hedge fund Fauchier, underlining a growing emphasis on the country’s nascent hedge fund market.