Lindsay Jones is back in Hong Kong after an absence of several years during which she has circumnavigated the globe with fund-of-hedge-funds house FRM. She has now returned to Hong Kong with FRM after spells in London and Australia.

She will handle sales in FRMÆs new Hong Kong office and will continue to report functionally to Mark Reinisch, a director of FRM based in London.

Educated at Oxford and a Japanese speaker, Jones started her career in London at Barings. She subsequently joined Jardine Fleming and spent nearly seven years in Hong Kong during the 1990s.

In Hong Kong, the FRM office will be managed by Au King Lun, who used to work at HSBC where he was the head of international business, Asia-Pacific, for HSBC Global Asset Management.

FRM manages $15 billion in assets and is headquartered in London. In Asia, it already has offices in Japan and Australia which both opened at the start of the decade.

As well as the new Hong Kong office, FRM also says that it intends to open in Seoul, which is a market that has recently seen an explosion of single-country hedge funds. FRM will open in Seoul in 2008 with a view to getting licensing approval in 2009. The twin purpose for the pair of new offices is to service the firmÆs client base of investors and to strengthen research coverage for Asian hedge funds.