Hedge Fund Ghisallo Opens HK Office With Help From Ex-UBS Banker

Ghisallo Capital Management is opening a Hong Kong office with help from former UBS Group AG banker Carlo Agostinelli, an increasingly rare example of a hedge fund firm expanding to the city.

The Boston, Massachusetts-based firm that oversaw $3.4 billion at the end of 2023 incorporated a Hong Kong unit in November, according to a business registration document. Agostinelli, a former UBS co-head of Asia equity capital markets syndicate, joined in October, his LinkedIn profile shows.

Ghisallo’s Chief Investment Officer Michael Germino worked for Soros Fund Management and Key Square Group before founding his own firm four years ago. ...