DLD Asset Management expands into Hong Kong with Maso co-founder hire
US hedge fund manager DLD Asset Management is establishing a presence in Hong Kong as it seeks to expand its relative-value trading activities across Asia, hiring Maso Capital Partners co-founder Sohit Khurana as its first senior recruit in the city, according to a report by Bloomberg.
Hedge fund manager DLD Asset Management is expanding its operations in Hong Kong by hiring Sohit Khurana, co-founder of Maso Capital Partners. The move is part of DLD's strategy to broaden its relative-value trading activities across Asia. Khurana, who co-founded Maso in 2012 with Manoj Jain, brings his expertise in convertible-bond arbitrage and event-driven investing to the DLD team.
The decision reflects the growing appeal of Hong Kong as a base for international hedge funds, driven by political stability, proposed tax incentives for carried interest income, and the presence of competitive hubs like Singapore. Other firms, including Tudor Investment Corp and Graham Capital Management, have also established a presence in Hong Kong to cater to the expanding demand for alternative investments in the region.
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