WSJ – Signalling increased interest in Asia, investors such as GLG Partners Inc., D.E. Shaw & Co. LP and the Canadian Pension Plan have been opening or expanding their Asian offices in recent months.
The moves are the latest sign of recovery and a reversal of what happened over a year ago when hedge fund firms such as Ramius LLC, Tantallon Capital Advisors and Citadel Investment Group LLC closed or pared down their Asian offices. Strong capital flows into Asia have buoyed the region’s capital markets. Despite the run-up in valuations, fund managers remain optimistic, citing the region’s fast growth rates and strong corporate balance sheets.
