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Morgan Stanley is throwing an Asia-specific hedge fund ball. The Shanghai hosted gala is exclusive only to Morgan Stanley’s 7% of prime Oriental hedge fund brokerage clients.

Established veterans expanding existing funds need to entice clientele, so prime brokers such as Morgan Stanley have brought investors and hedge fund managers together under one roof. This Shanghai conference is in its second year. Morgan Stanley runs its US version, “Breakers” Conference for managers in Palm Beach Florida, in addition to an emerging managers conference. It also runs an event in Europe.

In an interview with AsianInvestors, Ashutosh Sinha, managing partner and CEO of a new long/short Asian hedge fund, Amoeba Capital, said “If I get a 4-6% hit rate and each one allocates $10 million, that gets me to my initial $100 million target and I will be operating above my estimated $50 million break-even.”

These events can be expensive to hold, prices running into the millions, so Morgan Stanley wants to encourage investors and hedge funds to make the long trip. For this event, organisers chose Shanghai as a city that represents a metaphor for what Asia has to offer, and where investors and managers want to go.

Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net

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