Hedge Funds

Sofaer builds out in Asia after European sale to Martin Currie

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Sofaer Capital, one of the longest-running Asian hedge fund houses, will refocus on its core competence and build out aggressively its Asian hedge fund business post the decision to sell its European business to Edinburgh-based Martin Currie.

"The huge growth potential is in Asia right now, and that is where we intend to build out," said David Helm, chief executive of Sofaer in London. "The firm was started in Asia and most of its operations were there before adding a London office 10 years back; in many ways it is a return to the original roots."

The firm,