New York (HedgeCo.net) – Hedge fund giant Man Group plc has expanded it’s Hong Kong AHL division – Man’s quantitative managed futures manager – to 11 (from five), making it one of the first and largest CTAs to create a standalone trading operation in the city.
The new trading operation in Hong Kong covers 49 Asian markets, trading around $4 billion a day. Man also has three more offices in Asia Pacific – in Singapore, Tokyo and Sydney – and as of May 2011, 25 per cent of Man’s global funds under management were distributed in Asia Pacific.
“Hong Kong is a tremendous base for our business in Asia and this expansion will help us to provide the very best trading and risk management services for clients in the region.” Tim Wong, CEO of AHL, said, “We have a great network across the continent and we will continue to build relationships and explore new trading ideas through local talents.”
The trading team is now supported by local portfolio research and system implementation teams, including infrastructure and operations specialists. The AHL Asia desk will cover the Asian trading session, with a seamless handover to a London team for the European open.
Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
