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Alternative Market Briefing

Big allocators look beyond multi-strategy hedge funds to demand exposure and alpha generation

Wednesday, May 15, 2013

amb
David Walter
From Komfie Manalo, Opalesque Asia:

Many large hedge fund investors have been investing directly to multi-strategy hedge fund managers, said David Walter who is responsible for Asian investments at the PAAMCO, a $9bn institutional fund of funds working with large pension funds and sovereign wealth funds in the U.S., Asia, the Middle East and Europe.

Speaking at the 2013 Opalesque Singapore Roundtable, Walter told the panelists, "Some [large] allocators are looking beyond those big multi-strategy hedge funds and express demand for exposure and alpha generation from emerging managers, using them as completion portfolios to their larger institutional portfolios."

The 2013 Opalesque Singapore Roundtable was sponsored by Eurex, Taussig Capital and Eurofin Asia Group and took place on April 23rd in Singapore.

He explained that these types of investors are looking for exposures that they might not get necessarily from their large multi-strategy exposures.

Walter told those present why he believed in his analysis, "Looking at the Asian hedge fund industry, the fact that performance has generally been lacking over the last five......................

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