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.
Despite Salt's party atmosphere in Las Vegas at night, capital introduction is a hard day's slog for hedge fund managers.
Fund-of-hedge-fund executives say they are seeing growing discontent towards private banks by high-net-worth investors.
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.
Hong Kong might see more China hedge funds setting up offices in the city, and in strategies that include quant and credit, says Skybound Capital.
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.
Fund-of-hedge-fund consolidation continues, with Permal to gain Australian and Japanese pension investors from UK-based peer Fauchier.