Lunchtime Links: Asia looks like the place for hedge fund opportunities
If you want to work in hedge funds, you may want to tout your abilities in Asia. Reuters reports today that no fewer than Moore Capital, Maverick Capital, Viking Global Investors and Stark Investments are planning to open Asian outposts over the next few months.
These funds are following in the footsteps of Soros Fund Management (opening an office in Hong Kong by the end of March), GLG partners (opening a research office in Hong Kong and a representative office in Bejing) and Prana Capital (said to be opening an office in Singapore). As ever, however, expect most roles to go to Asian nationals or expats with strong links to local markets.
Stanley Fink and the new quant fund. (Reuters)
Blankfein is upset that Lucas Van P is being lambasted, but has hired an outside PR firm nonetheless. (NY Post)
Hank Paulson wanted to be a forest ranger. (Dealbreaker)
Now that Goldman's stock has recovered smartly to around $155 per share...selling stock during those scary days in 2008 doesn't look nearly as smart. (NYTimes)
"If you must discuss confidential information outside a secure office, use code words to identify any key players." (WSJ)
Goldman wasn't the only bank that arranged swaps with Greece. (Bloomberg)
Greek debt was rerouted through an office on Liverpool Street. (Wall Street Journal)
Two former Merrill investment bankers are rejoining the herd. (Reuters)
RenCap has hired Clifford Sacks from Merrill to build an African equities business. (Bloomberg)
Nomura hedge fund manager dies of heart attack aged 46. (Bloomberg)
The 'rather strong and rather able' Stephen Hester has helpfully declined his bonus. (Financial Times)
JP Morgan's new HQ might be in the City instead of Canary Wharf. (The Times)
This is very good news for FIG bankers. (DealBook)
Citi has hired several equity salespeople in India. (Reuters)
Bob Diamond: "We don't think for a second that any bank should be a burden on the taxpayer. (Guardian)
A new state-backed investment bank is being seriously considered in the corridors of power. (Telegraph)
Tories plan 'people's bonus' in the form of cheap RBS shares. (The Times)
76% of people want a cap on bonuses. (Guardian)
From Citadel Partner to independent film maker. (SunTimes)