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Asia Drains Hedge Fund Brains

By Tony Seruga

So the hedge fund that used to employ you in London or New York closed? Consider moving to Singapore or Hong Kong, where taxes are low, wealth is growing and money management can still afford to hire the best talent.

Graticule Asset Management, BFAM Partners and Nine Masts Capital are among Asian hedge-fund firms hiring senior managers after boosting assets in an industry that’s suffered globally from investor outflows, Bloomberg News reports. Graticule brought in Jonathan Candy as chief executive officer after his former home, BlueCrest Capital Management, announced in December that it was returning all $8 billion of client money to focus on managing the fortune of its partners and employees, including billionaire Michael Platt. BlueCrest cited declining fees and rising costs for the decision…

Asia Drains Hedge Fund Brains

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