Signet Seeks 'Collaboration' As Asia Head Departs

Aug 13 2012 | 12:36pm ET

Signet Capital Management may be looking for a merger partner after its Asian head left the firm earlier this summer.

Signet, a US$1.4 billion fund of hedge funds, has held talks about a tie-up with two firms since François Hora quit in June, Asian Investor reports. "We are currently in discussions with two other financial firms with regards to possible collaboration and both of these situations would result in Signet growing the Hong Kong office again by year-end."

Hora left Signet to join Complus Asset Management, the hedge fund founded by former Fortress Investment Group Asia chief Stanley Ku. At Complus, Hora will serve as head of business development.

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