Hedge fund executives expect to increase their investments in Asia significantly over the next several years, the Thai News Service reports.
“Going forward, Asia ex-Japan will see tremendous growth in investments by hedge funds,” said Jeffrey Tucker, a partner with $15 billion hedge fund FairfieldGreenwich Group.
Although assets invested in Asia in the $1.8 trillion hedge fund industry account for only 9%, that will grow “quintessentially” over the next two to three years, Tucker said. By comparison, hedge funds have 45% of their assets currently tied up in U.S. securities.
But that will change, Tucker said. Hedge funds will increasingly invest in Asia and Europe, and, accordingly, find new institutional investors in those regions.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.