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PAAMCO Looks to Asia for New Capital

Apr 24, 2013
Jing Chen

California-based fund of hedge funds Pacific Alternative Asset Management Company is seeking to raise capital from Asian institutions.

Bloomberg reported that PAAMCO is looking at pension funds and sovereign wealth funds in Asia that invest in high-yield stocks and employ relative-value strategies in an effort to diversify its investor base. 85% of the firm’s clients consist of U.S.-based investors.

David Walter, the Singapore-based director of PAAMCO, explained that the firm’s decision to invest in Asia was prompted by the region’s investors who are “are becoming more sophisticated and open to alternative investments.”

PAAMCO has about $8.6 billion in assets under management.

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