People Moves

Pyramis carves out presence in Asian alternatives space


Pyramis Global Advisors, the $144 billion institutional asset management spinoff from Fidelity Investments, is building out a bigger presence in Asia, with plans to double the size of its office in Hong Kong and roll out several alternative strategies with an Asia component.

Young Chin

“Increasingly, our clients in Asia, including sovereign wealth funds, central banks and pension plans, are asking us to work more closely with them. Plus, we are spotting excellent investment opportunities in the region,” said Young Chin, Pyramis’ Rhode Island-based CIO.

The firm set up its Hong Kong office earlier this