Wednesday, 29 June 2016
Last updated 37 min ago
Sep 3 2008 | 11:45am ET
London hedge fund shop Platinum Capital Management has plans to rack up the frequent-flier miles with a new Singapore office and plans for several other homes-away-from-home in Asia.
Platinum plans to open a trading desk in Singapore later this year. According to Asian Investor, the firm has already picked an outside hire to run the new city-state office, but Trevor Saliba, Platinum’s Los Angeles-based managing director overseeing the Asia initiative, declined to say who the firm had selected.
The new hire will direct the firm’s existing Asia-focused product line, currently run from Switzerland, as well as developing at least one new hedge fund or fund of hedge funds. Platinum will likely open a client servicing and business development office in Hong Kong early next year, Saliba told Asian Investor.
The firm is also in distribution talks with an Indian financial services company, which could eventually lead to the opening of a Mumbai office.