Thursday, 26 November 2015
Last updated 19 hours ago
Nov 3 2008 | 1:05am ET
New York-based Ramius Capital may be joining the hedge fund exodus from Asia.
The firm, which manages $11 billion, may turn in its Hong Kong trading and advisory licenses, the Financial Times reports. The move would follow similar decisions by Concordia Advisors and GSA Capital Partners, which have closed offices in Asia. Others, including Tantallon Capital and TPG-Axon Capital Management have reduced staff in the region.
TPG-Axon has recently let go of at least a third of its Asian staff, while maintaining its US workforce, according to insiders. TPG-Axon initially declined to comment but later said this was “completely inaccurate” and that ”staffing levels remained unchanged.”
Ramius said it would continue trading Asian securities from its New York and London offices.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…