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From Sagar Chakraverty, Opalesque Asia:

In a recent interview with Opalesque's founder Matthias Knab, the founder of KGR Capital, John Knox spoke about how Asian hedge funds have evolved operationally over last 5-6 years and why investors still seek exposure to China even when there is no clear hedging strategy against the risk of a decline in China's economy.

LGT Capital Partners, a fund of funds manager focused on institutional investors, acquired KGR Capital, a Hong Kong-based manager of Asian fund of hedge funds with approximately $350m in AUM in Sept. 2008. The expanded firm now manages over $17bn in hedge fund and private equity investments globally.

 Asian hedge funds evolved operationally Knox, who is one of the more experienced managers in the Hong Kong hedge fund industry, commented that new operational trends are evolving in Asia.

While comparing the recent Asian hedge funds managers to those who entered the market during 2004-2005 or before, he said, "Five or six years ago most of the funds were set-up by people who came out of asset management. Recently that has changed, particularly in last year we have seen quite a few managers either from prop backgrounds coming out of banks or coming out of other hedge funds (second generation managers)."

Knox added, "It is certainly becoming easier......................

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