Saturday, 30 April 2016
Last updated 5 hours ago
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.