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Bailey McCann, Opalesque New York: Capula Investment Management, a $13bn hedge fund linked with financial firm Goldman Sachs is expanding its business into Hong Kong. According to a Reuters account of the matter, the firm expects to be fully operational in Hong Kong at some point this year.
Capula’s move is the latest in a string of funds moving into Hong Kong hoping to capitalize on the rapidly growing Chinese market. Antony Hung, a Bank of America Merrill Lynch veteran, will head up the fund’s office in Hong Kong. Capula focuses on fixed income strategies.
China recently launched a pilot program to allow foreign investors to set up hedge funds on the Chinese mainland. Some of the big names moving to the area include GLG Partners and Paulson & Co. Sturgeon Capital also recently expanded its footprint in Central Asia with the acquisition of a 25% equity stake in Baku-based market leading brokerage and investment banking firm Chelsea Capital. Former Millennium Management LLC, traders have started a Japan focused f...................... To view our full article Click here
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