Friday, 24 March 2017
Last updated 24 min ago
Aug 4 2011 | 12:54pm ET
Mesirow Financial said today that it will open a fund of hedge funds office in Hong Kong, its first Asian office outside of the Middle East.
The Chicago-based firm's Mesirow Advanced Strategies unit will move several senior investment and client relations professionals to the new office in the fourth quarter.
"Being on the ground in Hong Kong will provide many benefits to our clients,” Marty Kaplan, CEO of Mesirow Advanced Strategies, said. “It will foster stronger relationships with our existing client base in Asia, which represents approximately 30% of our assets under management. It will also strengthen our research capabilities by enhancing our market knowledge within the region and providing for greater sourcing opportunities in selecting Asian hedge fund managers.”
Mesirow launched a joint-venture in Abu Dhabi in February and has had a presence in London since 2007.