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Tony Gleason From Kirsten Bischoff, Opalesque New York: At a recent meeting with financial media, Neuberger Berman Managing Director and Portfolio Manager Tony Gleason commented, "You have to get China right and you have to have a strategy for inflation." China was also the focus of the recent SALT conference, "The big story of your lifetime is that this period of Western predominance came to an end on your watch," said economist Niall Ferguson, a featured speaker at the conference. "That happened because the developing part of the world is achieving the Industrial Revolution that the Americans experienced. This period is going to continue until China becomes the biggest economy in the world." The China growth story seems unstoppable, and it is one in which hedge fund managers and investors are determined to participate.
In the most recent Opalesque Hong Kong Roundtable, we learned what managers focused on this area of the world are see as the investment opportunities and challenges that country presents.
"We are seeing greater allocations into Asia hedge funds and China, with increasing interest from institutions as they seek to increase their China weighting," said Brenda Tse, Managing Director and Head of Greater China for Permal Group, the third largest independent fund of funds business in the world. In the Asia region, Tse noted that although 45% of the firm’s exposure is through long/s...................... To view our full article Click here
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