|New York-based Hutchin Hill Capital has set up shop in Asia with the opening of a 10-person office in Hong Kong. According to Bloomberg News, the $3.4 billion, multi-strategy hedge fund firm will launch its Asia operations under the management of Aaron Nieman, formerly of SAC Capital Advisors. |
The timing of Hutchin Hill Capital’s new event-driven hedge fund coincides with the emergence of Japan and China as major sources of merger and acquisition activities amidst a growing capital market. According to Bloomberg, 2014 saw nearly a trillion dollars of mergers and acquisition capital change hands. which is more than a 40 percent increase over the prior year.