New York Global Manager Opens Tokyo Digs

New York-based global macro fixed-income manager Drake Management has opened its first international office, in Tokyo. Headed by managing director and regional president Richard Horodek, the office will serve the firm’s growing Asian client base.

“The new office, which will be linked directly with Drake’s sophisticated New York IT platform and—through video conferencing—with all levels of Drake’s New York headquarters team, will bring our investors much more inside Drake,” he said.

Horodek is joined in Tokyo by Executive Vice President Kenji Yamauchi, as well as new hire Chunli Hou, also an executive v.p. who formerly worked at a Taipei, Taiwan-based investment adviser. The office, which opened Jan. 1, is in the process of registering as a Japanese investment adviser.