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London Diversified Hires in Asia

London Diversified Fund Management, the UK-based hedge fund with $4.4 billion under management, is opening an office in Singapore to expand its Asian trading capability, according to Dow Jones Newswires, which quotes managing partner Rob Standing, who established the fund with JP Morgan colleagues David Gorton and Mark Corbett (see Profit & Loss March 2003).

 

The office will trade fixed income products, derivatives and foreign exchange for LDFM’s $3.6 billion diversified fund, Standing, told Dow Jones in a telephone interview. The operation is being set up by David Shannon who was previously the head of rates trading in Asia for Barclays Capital.

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