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Asia - EIP relocates in Hong Kong, brings in David Lau, Lehman`s collapse triggers tougher times ahead for Asia, Asian funds defensive after AIG as fears linger, Mitsubishi UFJ to sell fund that tracks Winton`s performance, Baring Asset Management expands Korean presence with sales office in Seoul, Buy exotic, not vanilla, options for rupee risk, Barclays says

Wednesday, September 17, 2008

Opalesque Exclusive: EIP relocates in Hong Kong, brings in David Lau From the Opalesque team: Enhanced Investment Products Ltd (EIP), a Hong Kong-based asset management firm, strengthens its operations as it relocates its head office to the heart of the business district - 8 Wyndham Street, Central, Hong Kong -and brings David Lau as Head of Finance, Administration & Operations on board.

British Chinese, Lau holds a wealth of experience in the banking sector. With previous posts in equities at Goldman Sachs, Credit Suisse and HSBC, Lau turns client side as he joins EIP as Head of Finance, Administration & Operations.

The EIP Overlay Fund is an Asia ex-Japan market neutral fund, which employs a variety of equity and derivative strategies. The EIP Overlay Fund is up 14.53% YTD, and has 10.95% annualized return since May 2002.

See last year’s Opalesque Exclusive on EIP: An ingenious model from Hong Kong; funds from different asset classed tied together to generate more returns and spread risks Source

Lehman`s collapse triggers tougher times ahead for Asia Net fund flows in Asia were still positive in the first half of 2008, but with the latest drama unfolding on Wall Street, assets will likely declin......................

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