Paulson Nabs Hong Kong Securities License, Hires Three

Mar 3 2011 | 12:54pm ET

Paulson & Co. has become the latest U.S. hedge fund to plot its entry into the Asia-Pacific region.

The firm's Paulson Asia affiliate was awarded a Hong Kong securities license on Feb. 21, the city's Securities and Futures Commission said. Such a license is necessary to trade on Hong Kong's financial markets.

Paulson's SFC filing shows that Paulson Asia has made at least three hires for its new office: Xiaoli Deng, Sandra Lee and Winnie Wong, all formerly of Morgan Stanley.

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