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Published on 4 Jan 2017
Jan.03
-- Asia's richest families are disappointed with mediocre hedge fund
returns and are balking at high fees, prompting them to shift to private
equity. With redemptions already at a four-year high, Asia’s richest
people comprise an investor group regional hedge funds can ill afford to
lose. Family offices representing billionaires and multi-millionaires
are a key source of capital in Asia, where global pension funds and
university endowments haven’t made large inroads. Managers seeking money
for new hedge funds are likely to be the hardest hit. Bloomberg's Klaus
Wille has more on "Bloomberg Markets."
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