Tokyo-based multi-strategy hedge fund Triloka Capital plans to set up an office in Hong Kong or Singapore to boost its exposure to emerging Asian markets including China. Jason Bajaj, former head of Japanese program trading at Nikko Citigroup and founder of the fund, said it will likely hire three or four staff for the effort, including a trader and a quantitative analyst. "This will probably happen within the next six-to-nine months," he continued.
Bajaj said the China A share market is one of the areas at which it is looking, and it would add market access products to its derivatives list if it entered the market. Triloka already uses variance and relative-value swaps as well as equity options. Goldman Sachs, Deutsche Bank and UBS are Triloka's prime brokers.