MUTUAL fund giant Pimco is looking to grow its business in the Asia Pacific at a double digit clip over the next five to seven years, says Eric Mogelof, Pimco Asia's managing director and head of Asia Pacific. He says clients are seeking strategies that deliver "alpha", or excess returns above the markets. This can come from traditional and alternative assets, both of which Pimco offers. Pimco has total assets under management (AUM) of around US$1.6 trillion. Asia accounts for about 10 per cent of total assets.
Over US$68 billion of the AUM is in liquid alternative assets and more than US$30 billion in alternatives such as hedge funds and private equity.
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