Wednesday, 4 March 2015
Last updated 6 min ago
Mar 10 2009 | 12:27pm ET
The contraction of the Asian hedge fund industry is being felt by the region’s service providers. Prime broker Pali Holdings is closing its only office in Asia as its customers have cut back on their trading.
Pali opened the Singapore office in October 2007, Dow Jones reports. At its peak, the office employed 11 people, but that number fell to five in recent months as Pali clients curtailed their trading.
The Singapore office opened with US$8 billion in capital.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…