Hedge Funds

Galleon, Concordia plot new Asia funds


Two New York hedge fund firms, Galleon Group and Concordia Advisors, are both separately understood to be readying new hedge funds focused on the red-hot Asia markets, according to AsiaHedge, an Absolute Return sister publication.

Galleon Group, the $3 billion equity shop, is said to be gearing up to launch an emerging-market technology fund in the next two to three months. A long/short strategy, it will invest in markets such as India and China. Galleon already has analysts covering technology in Taiwan and Hong Kong and is reportedly now putting together a team to run the fund.

Galleon, founded