The age of ‘Saudi America’


A game-changing US recovery has some major ramifications for the Asian hedge fund industry

By Aradhna Dayal

nullWhat a difference a year can make. In the US for my annual trip to meet investors and US-based Asian fund managers, I couldn’t help but marvel at the pace of the recovery in the country.

On the streets of New York, the mood is vibrant, restaurants are booked out and a quick lunch detour to Saks Fifth Avenue shows the store doing its briskest business I have seen in the past few years. Consumer confidence is clearly back in the US, backed by buoyant markets, bulging bonuses and a