D.E. Shaw Group is the latest hedge fund opening new offices in Asia, with bases in China and Japan to open their doors in the coming months.
The $28 billion New York firm’s Shanghai office will focus on private equity. D.E. Shaw already has an office in Hong Kong; the Shanghai base will be its first in mainland China.
D.E. Shaw will also open an office in Tokyo, dealing with investor relations, marketing and account management, the Financial Times reports.
In addition to its existing Hong Kong home, D.E. Shaw also has enormous operations in India, with some 700 employees.
D.E. Shaw certainly isn’t alone in looking east. Maverick Capital, Moore Capital Management and Viking Global Investors are also planning offices in Asia.