Tuesday, 24 November 2015
Last updated 22 min ago
Nov 8 2010 | 11:56am ET
After months of planning, Soros Fund Management opened its office in Hong Kong today.
The US$27 billion firm announced plans to set up an office in the city in January. The firm was considering transferring two fund managers, James Chang and Dai Jixin, to the new base. The Hong Kong office is New York-based Soros' first in Asia.
Soros joins several large Western hedge funds in opening offices in the region. GLG Capital, which was recently acquired by the Man Group, opened offices in Beijing and Hong Kond earlier this year. Prana Capital founder Peregrine Cust moved himself—and the firm's investment team—from London to Singapore in April, while D.E. Shaw Group opened offices in Shanghai and Tokyo.
Moore Capital Management, Maverick Capital and Viking Global Investors also opened Asia offices, while Fortress Investment Group will launch a Singapore office, headed by co-chief investment officer Adam Levinson, and a San Francisco office, headed by co-chairman Peter Briger and designed to focus on the firm's Japanese activities, next year.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…