Quellos Unveils Hong Kong Office

Sep 24 2007 | 10:03am ET

Seattle-based fund of funds shop Quellos Group has opened an office in Hong Kong headed by Shih-Wei Peng, a principal relocating from the U.S., and Mark Woolley, a managing director relocating from London.

The firm said it decided to establish an office in Hong Kong because of its significant existing clientele based in the region, a growing presence of alternative investment managers in and around the region, and “dramatic” growth projections in both investment opportunities and potential clients in the region.

In June, Quellos agreed to sell its fund of funds business to BlackRock, Inc. for up to $1.7 billion and operate under the name BlackRock Alternative Advisors. The deal is expected to close on Oct. 1. Quellos also has offices in New York, London and Durham, N.C.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of