AI market round up: Asia’s second generation
The maturation of Asia’s hedge fund industry is evidenced by the number of new funds being set up by hedge fund employees in the region.
A fund of hedge funds manager says that at a recent capital introduction event in Hong Kong, three of the six managers pitching came out of established local funds. "More than 50% of new funds are being run by managers out of hedge funds. That just wasn’t the case three years ago," he says.