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Alternative Market Briefing

Good news on asset raising for hedge funds from Down Under and the Far East

Wednesday, February 08, 2012

By Beverly Chandler, Opalesque London:

More potentially good news for the hedge fund industry, particularly long/short equity and macro managers, comes from Preqin, whose recent Hedge Fund Spotlight focussed on the $1 billion club and had positive news about hedge fund investors, again interestingly, those from Asia, including Australia.

As reported in Damien Hatfield’s Australian Hedge newsletter, global macro investors from Asia are planning to increase their exposure to hedge funds.

  • Shin Kong Life Insurance (Taiwan) is planning to make its first investment in hedge funds since 2008. It has a preference for macro hedge funds but is yet to decide on the size of its investment.

  • Cathay Life Insurance (Taiwan) is likely to allocate between $500 million and $800 million to build its hedge fund portfolio. It will invest in single manager funds with a global scope.

  • Nomura Trust and Banking is also considering committing up to $50 million to macro hedge funds. It favours North American hedge funds and will only invest in single manager vehicles with a high level of transparency and liquidity.

  • Nippon Life Insurance Company, (Japan) is looking to maintain its current allocation to hedge fun......................

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