Prana Plans Singapore Office

Jan 11 2010 | 12:34pm ET

London-based hedge fund Prana Capital is poised to move its focus—and founder—to Asia.

The global macro shop, which already invests some of its US$115 million in assets in Asian equities, plans to open a Singapore office, Reuters reports. It is expected that Peregrine Cust, who founded the firm five years ago, will relocate to the new office.

A spokesman for the hedge fund told the news agency that Cust’s move was “not imminent.”

Prana Capital’s eponymous hedge fund returned 72% last year.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR