Triple A Partners Ltd., a provider of startup capital for hedge funds, is in talks to team up with brokerages in Japan and tap what it says is the deepest pool of money in Asia.
"We're in discussion with several securities companies right now about expanding our business through some form of collaboration," said Frank Packard, the Tokyo representative of the Hong Kong-based firm. He declined to elaborate on any potential tieups.
Hedge funds, which posted their worst year on record in 2008, are starting to attract money from investors again as they outperform the global stock market rally.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.