Tuesday, 30 August 2016
Last updated 1 hour ago
Feb 24 2010 | 2:18am ET
A quartet of prominent hedge funds are looking east with plans to set up shop in Asia.
Maverick Capital, Moore Capital Management and Viking Global Investors are all planning to open offices in the region over the next few months, Reuters reports. Stark Investments, which last year lost its Hong Kong- and Singapore-based teams in a spin-off of its Asia business, is in the process of building a new team in the region.
Stark’s new Asia business will focus on liquid strategies, according to Reuters. Currently, some $1 billion of the firm’s Asian investments are being managed by Orchard Capital Partners, the new home of its old Asia team.