Friday, 29 August 2014
Last updated 37 min ago
Mar 26 2010 | 1:29pm ET
Hedge fund York Capital Management is doubling-down on Asia.
The $13 billion New York-based firm could double the size of its staff in its Hong Kong office over the next two years, Bloomberg News reports. Christophe Aurand, chief investment officer of York’s international divisions, said the seven-strong Asian office could grow to match the size of its London operations, which employs about 15.
“There’s no doubt that five, 10 years from now, the investible market in Asia will be bigger than the investible market in Europe,” Aurand told Bloomberg. “You don’t see the mega-deals that you see in the U.S., but you do see a lot of activity.”
And there are fewer players taking advantage of that activity, as Western hedge funds and bank’s proprietary trading desks have retrenched.
“More so in Asia than anywhere else, there’s much less capital looking at deals today,” Aurand said. “If you look at who the large players in arbitrage were, two-thirds of them have all but disappeared.”
York’s Asian Opportunities Fund manages $210 million, with about a quarter of the fund allocated to Japan.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...