Hedge funds open outposts in Asia, Hong Kong

Two London-based hedge funds have recently opened trading and distribution offices in Hong Kong, becoming the latest foreign firms to expand their presence in Asia.

Capula Investment Management Asia Limited and Finisterre Hong Kong Limited registered last month with the Securities and Futures Commission, according to its public register of licensed persons and registered institutions.

Capula runs $13bn, predominantly in a fixed income relative value fund, and has offices in Greenwich, Connecticut and Tokyo, Japan, as well as London. Anthony Hung, the former head of Merrill Lynch’s wealth management business in Asia, who left in 2010 after almost 18 years, is running Capula’s new Hong Kong office. A person familiar with the firm’s plans said that it will gradually expand the team on the investment side.

Principal Global Investors to Acquires Majority Stake in Finisterre Capital

Acquisition expands its emerging market investment capabilities

DES MOINES, Iowa–(BUSINESS WIRE)–Principal Global Investors, LLC, a leading global asset manager and a member of the Principal Financial Group^® (NYSE:PFG), today announced a definitive agreement to acquire a majority stake in Finisterre Capital LLP, and Finisterre Holdings Limited, (together Finisterre Capital), an established emerging markets investor based in London.

“Finisterre Capital is a top-class emerging markets fixed income specialist with a strong investment performance track record,” said Jim McCaughan, chief executive officer of Principal Global Investors. “We are excited about the opportunity to help the business develop further and expand our capabilities in this growing market segment. There is already an enormous appetite to invest in emerging economies and we firmly believe the demand will continue as these markets develop.”