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Francois Hora By Beverly Chandler, Opalesque London:
The wave of consolidation that has recently hit the funds of hedge funds industry continues across the world, with news this morning, from Asian Investor that the $1.4bn investment group Signet Capital Management is in talks with two financial firms for a "possible collaboration" in Asia, following the departure of its managing director for the Asian region.
Asian Investor reports that the move comes after Franois Hora, who headed the Asian headquarters of Signet in Hong Kong, joined hedge fund Complus Asset Management in June as head of business development. Complus, set up last year by ex-Fortress Investment Group Hong Kong head Stanley Ku, is a macro strategy that focuses on Asian interest rate, foreign exchange and equities markets.
Asian Investor quotes a UK based spokesman for Signet saying: "We are currently in discussions with two other financial firms with regards to possible collaboration and both of those situations would result in Signet growing the Hong Kong office again by year-end."
Meanwhile, the news service reports that in recent months Signet has moved from its Central office in Hong Kong. Signet was founded in 1993 and launched its first fund in 1994. It describe...................... To view our full article Click here
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