Russell to add Asian hedge funds

Frank Russell seeks local hedge funds to include in its multi-manager funds.

Tacoma, Washington-based Frank Russell Company is looking to add Asia-based hedge fund managers to its nearly $70 billion global multi-manager funds, says Derek Doupe, director of alternative investments.

Doupe, who is based in London, is in Hong Kong to meet potential partners, concluding his trip next week in Singapore. He is responsible for the alternative investment portion of the Russell multi-manager funds. Alternative investments are a new sub-category for Russell, although the firm has had a multi-manager fund since the...

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