A Dozen Hedge Funds Plan Asia Offices, Merrill Says

BusinessWeek – Bank of America Merrill Lynch is helping more than a dozen multibillion dollar international hedge funds set up or reestablish a presence in Hong Kong and Singapore as the U.S. and Europe increase industry regulation.

A number of funds of hedge funds are also planning offices in the Asian cities, Dan McNicholas, head of Asia financing sales at Merrill Lynch said. McNicholas spoke in a Bloomberg Television interview without mentioning any names.

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