Northern Trust plans for Asia hedge fund growth
The US firm’s new Asia head of hedge fund services targets expansion in Hong Kong and Singapore, citing increased demand from Chinese clients and growth of alternative Ucits products.
Despite a stuttering summer for Asia’s hedge funds, rising demand among wealthy Chinese and the rise of so-called ‘liquid alternatives' is cause for optimism for the regional industry, argues Northern Trust’s new Asia head of hedge fund services.
Ali Sheikh sees opportunities coming from China’s expanding qualified domestic limited partner (QDLP) programme -- through which mainland private clients can invest in foreign alternative funds -- and from Asian managers looking to launc…
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