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Virginia Reynolds Parker From Precy Dumlao, Opalesque Asia:

The combination of the $65bn Bernard Madoff Ponzi scheme scandal and huge losses from the 2008 global financial crisis slowed down the return of Asian investors to the hedge fund industry. Virginia Parker, founder of Parker Global Strategies, an alternative investments solutions provider with more than $2.5bn in discretionary mandate, said that the Madoff scandal had tainted the fund of hedge funds space to the extent that Asian investors do not want to be associated with the industry.

Speaking during the latest Opalesque Connecticut Roundtable sponsored byCustom House Group and Taussig Capital, said "Generally, the institutions in Asia have been very slow with investing into our industry again. After 2008, a lot of institutions globally no longer liked fund of hedge funds - it did not matter if a fund of hedge funds were among the many who actually did a good job during the crisis."

She explained that the Japanese market particularly felt the pain of the financial meltdown in 2008. Many of these Japanese investors took at least a year trying to figure out where they were going to position their portfolios. Two years after the crisis, Japanese investors spent a lot of......................

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