Financial Risk Management, a global fund of hedge funds group, plans to significantly expand its Asian operations through new offices in Hong Kong and Seoul, South Korea.

FRM first established a presence in Asia in 2000 with the opening of its Tokyo office, which now boasts over 20 client service and investment professionals. The firm’s Hong Kong office will open next month and will be comprised of both investment and client service staff. Its Seoul office will open late this year to begin work on the process of obtaining licensing from the Korean regulatory authorities in 2009.

"Our new Hong Kong office will complement our long-established hedge fund research presence in London, New York and Tokyo, and significantly strengthen our coverage of Asia,” said Blaine Tomlinson, founder. “We anticipate increasing our allocations to Asian hedge funds, and our newly launched hedge fund seeding business, FRM Capital Advisors, is also seeking to invest in new managers in the region.”
 
FRM was founded in 1991 and manages US$15 billion worldwide.