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Matthias Knab reports "live" from the GAIM Asia conference in Hong Kong:
Geneva-based 3A is part of the Swiss banking group Bank Syz, which manages about $12bln in hedge FoFs. 3A bought a stake in HK based Asia-focused hedge FoF Oria Capital, which now has become 3A Asia. Keller said there is a perception of "process creates performance" but "the truth is that in the end it is talent which creates performance", so a superior Asian hedge fund could as well be managed from Europe or the U.S.
Eliza Lau, CEO of HK based Sail Advisors, said her firm has 55 people "on the ground" in Hong Kong - in order to "manage the Asian book", a local presence would be indispensable. Sail Advisors runs two fund of funds - Asia and Global - and he would be seeing "a lot more opportunities" in Asia when compared to Europe or the U.S. (see our exclusive on Sail Advisors: Source)
Barry Timmins, Investment Analyst, Lighthouse Partners thinks the necessity of a presence on the ground would depend on the type of strategy.
How not to get fooled by large risk teams, procedures
Luis Rodriguez, Chief Risk Officer, The Manhattan Family Office highlighted the importance of proper risk assessment and reporting. Investors should go beyond traditional due diligence and add a profound "risk due dilig...................... To view our full article Click here
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