THEAM to Increase Investments in Asia-Focused Hedge Funds

October 9, 2011 James Heinsman Hedge Fund News

According to a senior THEAM executive, the French bank BNP Paribas’ management subsidiary has plans to more than triple its investments into Asia-focused hedge funds to $268 million throughout the coming year.

Since 2007, Asian hedge funds manage about $47 billion less than their record. European investors are a primary source of funding throughout the continent.

“As far as Asia is concerned, it’s definitely an emergency for us to broaden the offer,” said Eric Debonnet, head of alternative multi-management for THEAM. He added that the main focus would be locating liquid Asia credit and equity long/short strategies.

Several other investors and hedge funds have taken interest in Asia as well, as the region is growing rapidly in comparison to the rest of the world.

Debonnet said: “Opportunities are definitely in the micro economic space, which means stocks and credit.

“Dispersion in S&P is at its lowest ever which is bad news for long/short equity managers but it’s different here and Asia is wide open for many opportunities.”

Asia Hedge Funds, Asia Investments, Economy, Eric Debonnet, Hedge Funds,

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