New York-based Titan Capital has closed its Hong Kong trading office and is now evaluating an optimal presence to maintain in Asia. Portfolio manager Russell Abrams confirmed this, noting that Titan makes money trading mostly out of New York rather than out of Asia.
Going forward, the firm is looking to win more managed account mandates this year and possibly establish a UCITS structure for existing funds. The firm is already managing a number of managed accounts.
The move comes close on the heels of Titan’s former Asia-based portfolio manager Kyle Huang leaving to join Vulpes Asset Management,