Long-only firms boosting alternatives expertise

Asian institutions and high-net-worth individuals are increasingly turning to alternative investments, with Asia-Pacific alternative managers’ assets standing at $20.7 billion as of September 30, 6.1% up from the end of 2012, according to Cerulli Associates. This figure is admittedly rising from a low base – often less than 10% of an investor’s total portfolio. Korea Investment Corporation (KIC), for example, had no money allocated to alternatives in 2008, but by year-end 2012 had…