Highland Cap opens new Korea Office

Dallas-based hedge fund firm Highland Capital Management announced it has opened a new Office in South Korea.

The company's new Web site in the Seoul Central Business District will be led by investment veteran Chris Yoon.

Yoon will handle Highlands operations and investor relations in Korea. Yoon and his team will also report to the company's Asia-Pacific Regional office, based in Singapore.

Yoon connect Highland with previous experience in Seoul investment firm Asia Pacific capital, Macquarie Securities Korea and KPMG Samjong investment advisory.

James Dondero, President and founder of Highland, said expansion in Korea was to meet "strong demand" for Highlands investment products in one of Asia's "top growth areas."

Highland, acting in several investment strategies, has about 23 billion dollars in assets under management.

Mesirow open new HK Office

Chicago-based asset manager Mesirow financial planning to open a Hong Kong s.a.r. offices during the fourth quarter of this year.

The new subsidiary, Mesirow Financial Hong Kong Limited, will be staffed initially with personnel from the company's Fund of hedge funds group, Mesirow advanced strategies, according to an announcement by the company.

With its business to Hong Kong s.a.r., only the last post in Mesirow's expansion abroad. The company entered a joint venture partnership with Mubadala Development Company in Abu Dhabi in February, and opened a London Office in June 2007.

The company overall has 57 billion dollars in assets under management with 14.3 billion dollars managed by Mesirow advanced strategies.