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.
Partnership will provide capital to emerging Asian hedge fund managers, with plans to launch a dedicated seeding fund in early 2014.
The $24 billion fund of hedge funds firm is optimistic on Japan and China, and favours emerging market debt over EM equity, says its chief executive.
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.