The Hong Kong firm is about to launch its first strategy against a backdrop of improved global hedge fund returns, after a torrid few years for the industry.
Institutions such as Hanwha Life and the Military Mutual Aid Association say bad experiences from the 2008 crisis have led them to diversify alternatives exposure and be more collaborative.
Singapore-based GCI Investment Management – majority-owned by Japan's GCI Asset Management – is opening a satellite office in London and moving senior staff there.
The private bank is moving to expand its offering in hedge funds and private equity, with a particular focus on the former, where it is not currently very active.
The alternatives manager is expanding its marketing team as it moves to launch Asia-tilted multi-asset products and a China A-share fund. It has also made staff cuts due to its recent merger with EIM.
They have risen 7.26% to date this year, stirring expectations of stronger inflows, while long/short equity funds lead capital-raising, find two reports.