Asian sovereigns lead allocations to hedge funds

Asia-Pacific sovereign wealth funds lead the way in hedge fund investments, with 44% having an allocation to the asset class, against the 25% of their counterparts based elsewhere, indicates a new Preqin report. And such exposure is likely to rise in the coming years, according to SWFs in the region. On average, 31% of these entities have an allocation to hedge funds, while 54% do not, according to the data provider, which surveyed 72 sovereigns globally for its 2014 Sovereign Wea…