New money goes global – offshore perks up as cash pours in from emerging markets
Fund investors tend to be more jittery these days, even where a new manager already has a track record. The process of creating a fund is longer than it was before the financial crisis, as they take more time to raise capital and investors do more due diligence. An offshore fund historically took about six to eight weeks to launch, but it can now take much longer, particularly for new managers. Although this is frustrating, the increased demand for diligence from potential investors at the outset has not had an impact on the general level of activity in the sector. International investors are looking to get in on the US recovery. New money is coming in from Asia and Latin America and funds look like a good bet compared to the uncertainty in some other sectors.
New investment from Latin America and Asia is helping revive the flagging offshore sector, says Ingrid Pierce
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