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The group''s alternative investment arm is expanding its fund of hedge funds business in Hong Kong.

Firms buck trend away from joint ventures between foreign and local firms.

Bank appoints new illiquid credit trader.

Binjai Hill''s Asian Acorn Fund is an absolute return, long bias fund and its investment procedures are audited by a third party.

The Hong Kong-based hedge fund builds research teams in India and Japan.

Cap Gemini Ernst & Young (CGEY) didn''t bet on the numerous start-ups in the B2B craze. It stuck to industry consortiums and so far, it has paid off. The management and IT consulting firm hedges its next bet on TradeCard.

BNP Paribas Peregrine