Friday, 30 September 2016
Last updated 13 hours ago
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.