Whitebox Setting Up Shop In Singapore

May 19 2011 | 1:39pm ET

Another U.S. hedge fund is opening for business in Asia.

Whitebox Advisors has registered in Singapore and is setting up an office in the city-state, Reuters reports. The Minneapolis-based firm plans to manage its Asian investments from the new digs.

Whitebox, which has $2.5 billion in assets, is led by Andrew Redleaf, a founding partner of Deephaven Asset Management. Redleaf left the firm prior to its sale to Stark Investments and effective dissolution in 2009.


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