Global investors seek emerging hedge funds

Institutional investors in the West, including funds of funds, family offices and endowments, and pension funds, are prepared to increase allocations to hedge funds, particularly to new managers. Concept Capital, a New York-based broker and service provider to hedge funds, surveyed 108 such allocators representing $150 billion in direct hedge fund assets. Most of these invest via segregated accounts of funds of funds, not through mutual fund or Ucit structures. The bulk of Asia-…