Asset owners are tipped to pile into hedge funds in 2014 despite their dire performance last year. There's even appetite for less liquid strategies and funds with long lock-ups, research finds.
Lehman's hedge fund clients have only started to regain assets that have been frozen for nearly five years, with the bank's crash precipitating changes in custody arrangements.
Five years after the collapse of Lehman Brothers, central clearing services are appearing for over-the-counter derivatives in Asia Pacific, but challenges remain.
Fund managers both praise and begrudge broad-brush regulation sparked by the collapse of Lehman Brothers five years ago this weekend. In Hong Kong, there is one point of universal agreement.
The bank agrees to repurchase market-linked and equity-linked notes issued between March 2007 and June 2008 for 80% of total value, estimated at $136 million overall.
But the key issue facing fund managers and institutional investors is striking a balance between long-term strategic asset allocation and dynamic allocation, say conference participants.