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GLG To Send Fund Manager To Hong Kong

January 22, 2010

Hedge fund firms old and new are targeting Asia once again after a period of retrenchment, and GLG Partners is no exception.

The London-based, New York-listed firm will open two offices in the region, and will send fund manager Anuj Mutreja to head one of them.

GLG will open a representative office in Beijing, and a research office in Hong Kong, where Mutreja will be based. A spokesman for the hedge fund told Reuters that it is opening the offices “to be closer to investments and to help with marketing.”

GLG is not alone. Prana Capital and Soros Fund Management are both opening offices in the region, the former sending founder Peregrine Cust to Singapore and the latter fund manager James Chang and Dai Jixin to Hong Kong. In addition, a whole slew of industry veterans and newcomers have launched, or are planning to launch, hedge funds focused on the region.

http://www.finalternatives.com/node/11032