Sunday, 22nd November 2009

 

21 August 2009 - Press Briefing

China overtakes London as preferred base for Asia-focused hedge funds

China has overtaken London as the most popular base for the $68.2bn (€47.9bn) Asian hedge-fund sector that posted its strongest performance in almost a decade during the second quarter, gaining 18.9%, a report from Hedge Fund Research has shown, according to a report in The Wall Street Journal.

The research found that 24% of Asia-focused hedge funds are now headquartered in China, an increase of over 5% from a year ago. Funds concentrated on China made 19.8%, HFR said.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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