Hedge Funds

New York's Moore Capital considering Asia office in Hong Kong


Word on the street is that Louis Bacon's Moore Capital Management is looking to set up an office in Asia and is eyeing Hong Kong as one possible city it may open an office in. Market sources say that New York-based Moore plans to make several strategic hires and make a huge Asia push, including the relocation of some key staffers to the region from the US. Portfolio manager Gaurav Grover is expected to be a part of the Asia team.

Founded by Bacon in 1989, Moore manages a number of hedge funds, including the Moore Global Investments,