NIR Group headed by Corey Ribotsky is one of many Western based hedge funds actively investing in Asia. NIR Group has already committed itself last year by setting up an office in Singapore under Shoham Cohen to take a more hands on role in Asian investments.
“There are numerous opportunities to replicate what NIR Group has done so successfully in the U.S. and the investment community is looking for alternative investments that are truly non-correlated and provide consistent absolute returns,” Mr. Cohen said about his role in NIR Group.
Eurekahedge Sees Massive Shift to Asia
NIR Group represents what Eurekahedge sees as a continuous trend of funds beginning to invest in Asia. In September Eurekahedge released a report that showed the number of hedge funds investing in Asia hit a record high of 1,278 in July. What makes NIR Group interesting in comparison to others in the Eurekahedge report is that it is based in the small town of Roslyn, NY as opposed to the majority that are based in Britain and more public.
NIR Group and smaller funds like it are proof that investing in Asia is a future trend that seems here to stay.
