Fund launches & closures Fund of Hedge Funds

SAIL to expand global footprint

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SAIL Advisors, the $2.5 billion Hong Kong-based funds of hedge funds shop, plans to open an office in New York in January. The Asia-focused firm's first step outside the region will enhance its coverage of global managers. Adding a marketing function to that office is a possibility in the medium to long term.

The move follows SAIL's strategic deal with ING earlier this year. It took over the sub-advisory management of a number of ING funds of hedge funds, as well as their global infrastructure, including three or more ING analysts who will be based in New York.