US pensions boosting Asia hedge fund exposure

Equity long/short has traditionally been the strategy of choice for Asian hedge funds and investors, particularly wealthy individuals, but in recent years a shift has taken place. Global macro strategies are heading the pack when it comes to attracting capital, and US pensions are among the most aggressive in terms of raising allocations, notes Kier Boley, head of equity hedge investments for GAM's multi-manager business. While risk appetite and investment duration has increased…