HFT gets new CEO; Old Mutual appoints SE Asia chief; Mercer makes Asean hire; SkyBridge recruits in Seoul; Columbia gets Taiwan GM; Citadel executives quit; M&G boosts team; and CBRE promotes in China.
After a slow start, Korean onshore hedge fund industry AUM could double to $5 billion by 2015, as domestic pensions and other institutions allocate to the asset class.
In contrast to their Western peers, Asian managers are finding the Chinese market good for returns, while some domestic investors in current regional darling Japan are selling stocks.
The SkyBridge Alternatives Conference returns to Singapore this month, with a wider range of global topics to be covered at the hedge fund capital introductions event.
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.
While capable managers are evident in China and across Asia, raising capital remains their chief challenge, stress Salt Singapore panellists. And that after a night of partying.
Sovereign wealth funds are finding volatility tough to navigate, while hedge funds are battling unrealistic investor expectations, say panellists at the Salt Singapore summit.