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.
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.
Small and start-up Asian hedge funds are struggling to stay in the game, but industry executives say there are more opportunities for them to gain a foothold and raise capital.
Fund-of-hedge-fund executives say they are seeing growing discontent towards private banks by high-net-worth investors.
Relative-value and credit hedge funds are seen as better bets than CTAs and macro strategies. But Dr Doom lives up to his name.