As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 7 hours ago
Nov 10 2010 | 4:05am ET
Commodity trading adviser Altis Partners has opened its first office outside of Europe in Hong Kong.
The US$1.5 billion firm said the new office will oversee trading in markets in Hong Kong, Singapore, Sydney and Tokyo. It will also serve as a base for attracting investors from the region.
"Having a local presence allows us to improve execution of our existing trading program and develop relationships to research new opportunities," Natasha Reeve-Gray, a co-founder of Altis, said. "For a long time we have wanted to offer more on-the-ground support to our investors in the region, as we are painfully aware that the fly-in, fly-out model does not offer a good basis for a personal relationship. A permanent base in Hong Kong will enable us to show the commitment that we think this region requires."
Altis said it was the first time a Jersey-based hedge fund had opened an office in Hong Kong. The firm also has an office in London, where it was founded in 2000.