The Asian hedge fund sector keeps blooming.
Tanvir Ghani, who used to run Asian capital for Goldman Sachs, and Eashwar Krishnan, veteran of Lone Pine Capital, will launch an "Asia-focused" fund in April, reports Reuters (via CNBC).
If they succeed in their goal of attracting $1 billion, it would be the 30th fund of that size on the continent. (Reuters compares that to America's 216 and the U.K.'s 65.)
Ghani and Krishnan are only the most recent high-flying bankers to stake a claim in Asia. In March, Carl Huttenlocher shocked co-workers at Highbridge Capital Management by leaving to start Myriad Opportunities Master Fund, which opened last week and is aiming to manage $2 billion.
Then there's ex-Goldmanite Morgan Sze's Azentus, which launched last year and keeps attracting money.
Hong Kong is an exciting place for bankers right now. Check out our slideshow, 10 Reasons Why You Should Request A Transfer To Hong Kong Right Now.
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