Capstone Eyes $1.5 Billion in Asia Investments

The AIA Central building, which houses the headquarters of AIA Group Ltd., center left, and other buildings across Victoria Harbor in Hong Kong on March 9. Photo: Bloomberg

(Bloomberg) — U.S. hedge fund firm Capstone Investment Advisors plans to allocate about $1.5 billion of risk capital to Asia by the second quarter of 2024, according to CEO Paul Britton.

The manager of $8.9 billion in assets started trading out of its new Hong Kong office in August. While all eight current employees in the city have been recruited locally, it plans to relocate some people from other offices next year as Hong Kong eases quarantine rules for incoming travelers, Britton said during a telephone interview from New York.