Wednesday, 22 March 2017
Last updated 59 min ago
Jan 18 2011 | 2:15pm ET
Hong Kong hedge fund Central Asset Investments is making the move to the mainland.
The firm plans to open an office in the Chinese city of Shenzhen, Asian Investor reports. The new base will be staffed by new hire Bill Tsai and three young analysts.
Tsai joined CAI from Chinese real-estate firm Longridge Capital and formerly worked at Hypo Vereinsbank and Deutsche Bank. In Shenzhen, he'll be joined by analysts Alex He, Ferry Feng and Franky Xie.
CAI picked Shenzhen, a city of 9 million people that borders the Hong Kong Special Administrative Region, due to its proximity to the firm's headquarters and the lare number of Shenzhen-based companies listed in Hong Kong.