Asia attracts global hedge funds

"The action is here in Asia, and we're going to get involved," says Arthur Samberg, founder of multi-billion dollar US-based hedge fund Pequot Capital. Speaking at the inaugural GAIMAsia conference in Hong Kong, Samberg announced that Pequot will shortly be launching an Asian distressed debt fund, its first Asian dedicated product. "The distressed product is the best approach for us to play Asia at the moment. This is the area where inefficiencies are most manifest," he comments. …