NEW YORK (HedgeWorld.com)–Fixed-income manager Drake Management LLC has formed a team for Asian clients and developed a web site for Asian investors.
Richard Horodeck, a lawyer with expertise in offshore investments by Japanese financial institutions, joined the firm to head the Drake Asian product development and client service group. The team includes Kenji Yamauchi and Takako Funada, who have worked with Mr. Horodeck at HedgeJapan, a consulting firm he founded.
Drake is pursuing a three-stage plan in Asia, Mr. Horodeck said. The first step was forming relationships in the region, and the second was setting up the web site. The site is currently available in English and Japanese; Chinese and Korean will be added in 2005.