Thursday, 18 September 2014
Last updated 15 hours ago
Dec 7 2010 | 1:04am ET
Like many of its peers, Caxton Associates is looking to the Asia-Pacific as it hopes to profit from the region's growth. But it will do so from a different vantage point.
The US$9 billion London-based hedge fund has opened an office in Sydney, Australia, to oversee its activities in the region. Aaron Rowe, a partner and senior portfolio manager, will head the new office.
Caxton's Down Under digs are somewhat unusual; most hedge funds building or boosting their presence in the region have done so from Hong Kong and Singapore.
Caxton's Aussie office will handle research and trading in the region, the Financial Times reports. It will not focus on sales or fundraising.
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