PRINT THIS PAGE FRM expands Asia presence with new Hong Kong, Seoul offices22/05/2008. Source: AltAssets.
Fund of hedge funds manager Financial Risk Management is to expand its Asian operations through the establishment of new offices in Hong Kong and Seoul, South Korea. FRM's Hong Kong office is expected to open in June, while the Seoul office is due to open later in the year, with a view to providing client service to the firm's increasing number of Korean institutional clients which are currently served through its Tokyo office.
The firm first established a presence in the region with the opening of its Tokyo office in 2000.
Blaine Tomlinson, founder and group chairman, FRM, said, 'The hedge fund industry is now global, and as a fund of hedge funds group we believe it is essential to maintain a research presence in all regions where compelling hedge fund investment opportunities exist. The Asian hedge fund industry is undergoing rapid growth in both size and quality, as structural changes in Asian markets are creating a rich opportunity set for investors.
FRM, founded in 1991, operates through offices in London, New York, Tokyo, Hong Kong, Guernsey and Sydney. The firm manages $15bn in assets for institutions and other investors, including approximately 300 pension funds worldwide.
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