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 last November.

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 region.