Hedge Fund News From HedgeCo.Net

Goldman Sachs to GLG Open Asia Hedge Funds as Big Is Chic

Bloomberg – Global banks and asset managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors.

Goldman Sachs Group Inc., UBS AG and GLG Partners Inc. are gathering investor money for debut hedge funds dedicated to the region. Highbridge Capital Management LLC and Pine River Capital Management LP are restarting or expanding their Asian offerings.

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