Still room for hedge funds in asset owner portfolios: GIC CIO

As alpha becomes increasingly limited, institutional investors are allocating more to alternatives and hedge funds and having to deal with increasing competition for managers, experts from the likes of GIC, Investcorp and Pimco discussed during a panel on the first day of the Milken Institute Asia Summit 2021 yesterday (November 15). “If we think about the evolution of hedge funds, the big story has been that the overall average returns have come down. And maybe it's not surprisin…