AllianzGI eyes Asian demand for alternatives

Allianz Global Investors, the fund management arm of German insurer Allianz, is seeking to build out its alternatives business in Asia, after consolidating several boutiques under one roof last month. Spencer Rhodes, London-based global business manager for the new division, is looking to hire in Asia, but he declined to provide specific numbers.  Long/short equity products will be the focus globally in the near term. AllianzGI's Asian alternatives capabilities are focused on Ho…