People Moves

Gramercy forays into Asia


Robert Koenigsberger
Emerging markets specialist Gramercy has made its first move into Asia through dual offices in the region’s two key hubs, Hong Kong and Singapore. The Connecticut, US-based hedge fund shop, with $2.1 billion in assets, seems to be on an international expansion spree, with its Asia entry coming close on the heels of the firm opening a London office in November 2010.
Asia has been attracting top global hedge fund shops over the past year and a half, with the likes of Viking, Moore, Artha, GLG, Algebris and Soros creating physical presence in the