Asia funds of hedge funds ramp up risk management

Leading alternative asset investors are placing a higher focus on the ability of funds of hedge funds in Asia as well as hedge fund managers to respond quickly to volatile markets following the collapse of Lehman Brothers in 2008.

"Since the crisis we have seen a change in the fund of hedge funds and hedge fund industry – you need people with some trading background to be able to talk about risks as you need to react quickly," says Miodrag Janjusevic, chief risk officer at fund of hedge funds,