Reuters – Deutsche Bank said on Tuesday it had appointed David Murphy and Nathan Davison as co-heads of its prime finance unit in Asia as it looks to take a bigger share of the market amid the ongoing recovery in the hedge fund industry.

Davison who will join Deutsche Bank in November is moving from Merrill Lynch in London where he was a managing director while Murphy has been with Deutsche Bank since 2002, working in London and more recently New York where he was managing director.

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Tags: finance unit, hedge fund, managing director, prime finance

Bloomberg – Asian hedge funds are attracting growing interest from investors as managers focusing on the region outperform global peers, said Andrew Hill, director of prime finance for Asia-Pacific markets at Citigroup Inc.

“There are pockets of proprietary money looking to be put to work in Asia,” Singapore-based Hill said in a June 12 interview. “There is going to be an outsized investment back into Asia. Some of the big pensions are going to be looking at Asia; it’s coming onto the radar screens.”

Asia-focused hedge funds gained 12.4 percent in the first five months of the year, outpacing returns in the U.S. and Europe, according to Eurekahedge Pte. That’s a reversal from last year, when clients withdrew almost $24 billion from the region’s hedge funds as managers posted bigger losses than global peers, the Singapore-based industry data provider reported.

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Tags: andrew hill, asia pacific markets, citigroup, citigroup-inc, data-provider, europe, five months, hedge funds, investors, losses, money, months-of-the-year, peers, pensions, pockets, prime finance, radar, rsquo, singapore