Leading US hedge fund opens shop in Asia

Everest Capital has chosen Singapore as the location for its first office outside of its Miami-based headquarters. With about $1 billion under management, Everest falls within the top 1% of the world's hedge funds by size. It is also amongst the industry's oldest, having been operational for 14 years. "We decided to set up in Asia because we wanted our investment professionals to be able to keep their ears closer the ground," says Low Jeng-tek, Everest's Singapore-based director. "…