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Algebris, Soros join global hedge funds reversing post Lehman Asia exodus
From Bloomberg.com: When a magnitude-9 earthquake struck Japan on March 11, Ivan Vatchkov, who moved to Singapore from London last year to run the Asian assets of Algebris Investments LLP, adjusted the hedge fund's bets within minutes. "There have been a number of occasions when being here has made a critical difference," said Vatchkov, the chief investment officer at the Asian unit of London-based Algebris. "You're in a better shape to react to events in real time."
Vatchkov is a product of the renewed focus on the world's fastest-growing region as global hedge funds reverse their 2008 retreat from Asia, when markets were roiled by the collapse of Lehman Brothers Holdings Inc. Whereas satellite offices with little decision-making influence were the norm pre-crisis, global firms are now committing to three-to-five-year plans as Asia becomes the "destination for and source of capital," said Ho Han Ming, a Singapore-based partner who advises hedge funds at law firm Clifford Chance LLP... Full article: Source
Hedge funds are bullish on oil, the dollar and wary of the China boom
From BusinessInsider.com: Hedge funds are moving into the dollar, maintaining their bullishness on oil, and losing ...................... To view our full article Click here
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