Jacob Wohl's hedge fund Montgomery Assets has followed up excellent performance with the opening of an office in China.
FOR IMMEDIATE RELEASE
Jacob Wohl's hedge fund has opened an office in Chengdu, China in order to collect information on the state of the Chinese economy, as well as to be an early player in alternative asset management in China.
Montgomery Assets partner and hedge fund veteran Eric Yang will be heading up the office and overseeing all China related investments. The firm believes that Chinese investors will continue to look for liquid alternatives to real estate, as many jurisdictions in China have implemented measures to restrict the buying of real estate, in order to quell the current bubble.
Jacob Wohl, and Montgomery Assets have received a tremendous amount of interest from Chinese and Chinese-American investors over the past quarter, and the firm expects that trend to continue.
All trading activity in equities and fixed income will continue to take place from Montgomery's US office in Los Angeles, while China related research is due to begin out of the Chengdu office in Chengdu's exclusive High-Tech Zone.