US-based Viking Global Investors LP are planning to open a Hong Kong office reports AsiaHedge.
US-based Viking Global Investors LP are planning to open a Hong Kong office reports AsiaHedge. Q2 wasn’t a great period for the USD12.1 billion hedge fund. An 11.9 per cent net loss on its Viking Long Fund, coupled with a 5 per cent net loss on its Viking Global Equities fund, prompted the firm’s Chief Executive, O. Andreas Halvorsen (pictued) to write an open letter to investors on Dealbreaker.com and confirm that “we have engaged in a thorough examination of our results”. Viking declined to comment but it’s understood they plan to open the office in Q3. Portfolio manager Ning Jin will head up operations, with one or two analysts assisting Jin in non-Japan Asian markets coverage, according to Halvorsen’s letter. Asia’s vast investment universe was given as one of the key reasons behind opening the new office.
