Sydney-based Andrew Landman is taking over as head of its alternatives strategy group for Asia ex-Japan, with Joseph Pacini set to leave for personal reasons next month.
Local hedge fund managers are better at navigating anomalies in Asian markets than their overseas peers, but the region's volatility risks is turning off some investors.
Home is where the heart is for Asian institutions, which have begun to rekindle their interest in the region's hedge fund, property and private equity sectors, says BlackRock.
The US fund house hires Lee Jeong Hoon and bases him in Korea to drive its burgeoning alts platform in North Asia and develop opportunities for global clients.
BlackRock has put its alternatives business on the fast-growth track, as more Asian investors seek to diversify returns.
Post-crisis, there is greater pressure on managers of fund managers in Asia to justify their fees and provide more information about the funds they choose.