Morgan Stanley's Kurt Baker, executive director in Hong Kong, and Victor Chang, managing director in Tokyo, discuss Morgan Stanley's prime brokerage business and the prospects for the hedge fund industry in Asia.
Are the poor returns in the traditional equities markets reflected in your pipeline of hedge fund clients
Chang The number of accounts we have and the number in the pipeline keeps increasing. On the Tokyo side we did not set up the business as early as the Hong Kong business, or as early as some of our competitors, but ever since we set up shop here the momentum has been picking up.
Goldman dominates in Japan. How...
