Key Takeaways
- • Verition Fund Management, a $4.5 billion multi-manager hedge fund based in Greenwich, Connecticut, is registering a Singapore office with local authorities.
- • The firm is also exploring a potential Hong Kong presence, according to a person with knowledge of the matter who requested anonymity.
- • The move positions Verition among international multi-manager hedge funds expanding into Asia, drawn by the region's fast-growing capital markets and talent pool.
Summary
Verition Fund Management, a $4.5 billion multi-manager hedge fund headquartered in Greenwich, Connecticut, is preparing to expand into Asia. According to Bloomberg, the firm is in the process of registering a Singapore office with local authorities.
Bloomberg also reported that Verition is exploring a potential Hong Kong presence. The report cites a person with knowledge of the matter, who was not identified because the information is private. The firm is one of several international multi-manager hedge funds to move into Asia, a trend driven by the region's rapidly expanding capital markets and its growing pool of investment talent.
Bloomberg also reported that Verition is exploring a potential Hong Kong presence. The report cites a person with knowledge of the matter, who was not identified because the information is private. The firm is one of several international multi-manager hedge funds to move into Asia, a trend driven by the region's rapidly expanding capital markets and its growing pool of investment talent.
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