Institutional Investors

Greenwich survey reports direct investment to the fore in Asia


The renewed search for external managers among Asian institutions will likely include hedge fund managers, according to a new survey released by Greenwich Associates.

Asian institutional investors are leaving behind fund of fund structures in favour of direct investments in hedge funds and other vehicles. These shifts will significantly ramp up the level of complexity and risk for institutions that attempt to manage active investments in these asset classes internally. Greenwich Associates consultant Markus Ohlig said that any institution trying to actively manage its own assets in order to generate alpha is competing directly with better equipped and