Man Group Thursday said funds under management had increased slightly in the first two months of 2012 to $59.5 billion, and it had seen an improvement in investor sentiment since the end of last year.
The survey, which covered more than 600 institutional investors representing $1.04 trillion of hedge fund assets, found that investors expect their hedge fund portfolios to return 8.6 percent in 2012, down from 11 percent last year.
Asset managers already using the Kii Hub solution include Aberdeen Asset Management, Jupiter Investment Management Group, Ignis Asset Management, Martin Currie Investment Management and Neptune Investment Management.
The business will be managed by Gary Robins, former founder of investor network Hotbed, and Matt Taylor, ex-senior partner at Foresight Group.
The new fund will finance about half of the assets with loans, a ratio that will allow it to buy as much as 100 billion yen of properties, he said.
Half of the investors surveyed had more than $1bn in hedge funds, double the number in 2004, while 44 per cent said they invested with hedge funds that had more than $1bn in assets.
Britain's largest insurance company, Prudential, is considering moving its headquarters to Hong Kong.