Hedge Funds Flock Back to Asia .

[Joanne98]

Source: WSJ

HONG KONG—Global hedge fund managers are beefing up their presence in Asia, particularly Hong Kong, in the hope of raising more capital amid a swell of investor interest in the region.

Among the big names hanging out their shingles in Asia are Soros Fund Management LLC, Viking Global Investors and GLG Partners LP. D.E. Shaw recently said a member of its six-person executive committee is moving to Hong Kong and Maverick Capital, Ltd. raised the number of analysts in its Hong Kong office to four in August.

David Gray, head of prime services for UBS AG in the Asia-Pacific region, said he knows of about 10 global groups that are putting stakes in the ground in Asia."They've said, time to get a little serious, because to be credible with investors they need people on the ground," Mr. Gray said. Prime brokers provide a wide range of services to hedge funds, including helping them set up and trade shares.

Investors allocated a net $19 billion of new capital to the hedge-fund industry globally in the third quarter, the largest inflow since the fourth quarter of 2007, according to industry data providers Hedge Fund Research Inc.



Read more: http://online.wsj.com/article/SB10001424052748703994904575646402779767566.html

[leveymg]

1. That truly is the "giant sucking sound" we hear.

Called capital flight.

[SkyDaddy7]

3. ASIA is where TAX CUTS for the Wealthy & Corp. go as well...

THERE IS NO TRICKLE DOWN...Unless the tax cuts are given only when jobs are created in the USA then I could get on board with that.

[leveymg]

4. Exactly! Bush tax cuts/TARP financed capital flight with practically no strings attached.

The tax code rewards it.

[SkyDaddy7]

5. Well, not so much TARP Obama did put strings on it...

unlike BUSH and we have got most of the money back...And should get it all back with a profit. I have to give Obama credit for that. I think everyone should. Plus, would we really have wanted to not have TARP? That is a very important question most do not like to talk about...I see it as government doing something correct but since we did not slip into a great depression no one got to taste what our Grand parents did & I am happy for that on one hand but like my 92 yr old Grand Mother said America did not learn anything from this recession because most people still have jobs & their homes & pretty much their lifestyle...In the Great Depression most felt the pain & we learned very valuable lessons that we have forgot being so far removed from it!

[bluedigger]

2. Why?

Willie Sutton said it best - that's where the money is...