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As previous head of research at UBP, FoF manager and family office investor, Stephane Pizzo has been investing in Asia for over two decades. He moved to Asia in 2006 and subsequently set up Lotus Peak Capital in Singapore to provide on the ground research, due diligence and ongoing manager monitoring for investors from outside the region.
Conflicts of Interests: The hidden malaise of the alternative investment industry.
Asia offers strong regulators and good regulatory frameworks. Still, risk of fraud is largest risk for investors. The significance of Independent Directors.
Evolution of the Asian hedge fund industry: - From Beta (long-only) to Alpha, more real alternative strategies. - But still a stock pickers' paradise: 75% of stocks without research coverage. - Local managers must engage in primary research within a specific region.
Why should international investors be looking at Asia? - Consumer story with demand rising faster than disposable income. - China. - Japan: "The story makes sense".