Reuters – Billionaire hedge fund manager John Paulson has won a securities license in Hong Kong, joining the likes of GLG and Soros Fund Management making a beeline for the high potential Asian alternative investment management industry.
Paulson’s win, following the establishment of high-profile start-ups such as a $1 billion-plus fund planned by Goldman Sachs’ <GS.N> trader Morgan Sze and Tiger Management founder Julian Robertson’s backing of Nezu Asia fund, comes as a major stamp of approval for the region, which is emerging as a hub for hedge funds.
