(Bloomberg) After struggling to attract money, smaller Asian hedge funds may be about to get some relief, courtesy of a $2 trillion Japanese asset manager. Japan Post Bank Co.’s investment division is considering backing smaller or newly created Asian hedge funds as it seeks higher returns, said Naohide Une, managing director of the unit that oversees hedge fund allocations. To start with, the bank plans to work with no more than five asset managers or so-called gatekeepers to select funds to invest in, he said.
As Hedge Fund Rout Deepens, Japan Post Considers to Invest
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