Tuesday, 16 September 2014
Last updated 9 hours ago
Oct 16 2008 | 2:38am ET
Few, if any regions, have been hit as hard by the turmoil roiling the hedge fund industry as Asia, leading several firms to retrench or pull out of the region altogether.
At least three international hedge fund shops have closed their doors in the region, Bloomberg News reports. Two of those leaving Asia are Concordia Advisors and GSA Capital Partners, while several others are reducing their presence on the other side of the Pacific.
Until recently, hedge fund firms were flocking to Asia, opening offices to take advantage of investment opportunities as well as the growing demand for alternative investments among Asian investors. But amid one of the most difficult periods in the history of the industry, hedge funds are closing, rather than opening, offices in Asia, with some planned offices now delayed, Bloomberg says.
GSA, which as recently as August was boosting its headcount in Hong Kong, has closed that office. Concordia, meanwhile, last month shuttered its two-and-a-half-year-old Singapore office.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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