Hedge Funds

Pine River extending Asia footprint next into Beijing


Pine River Capital Management, the $2 billion Minnetonka-based relative value specialist, is eyeing the increasingly attractive opportunities in the Asian relative value and convertible bonds arbitrage space, with plans to open an office in Beijing shortly.

Scott Reinhart

Scott Reinhart, head of the firm's Hong Kong office, notes that in the pre-Lehman days the Asian CB space was highly crowded, with several large global hedge funds as well as bank prop desks being active in it.

"However, post 2008, the crowd has thinned out, with many of these international hedge funds closing down their Asia