BY ALISON TUDOR

HONG KONG—Global hedge fund managers are beefing up their presence in Asia, particularly Hong Kong, in the hope of raising more capital amid a swell of investor interest in the region.

Among the big names hanging out their shingles in Asia are Soros Fund Management LLC, Viking Global Investors and GLG Partners LP. D.E. Shaw recently said a member of its six-person executive committee is moving to Hong Kong and Maverick Capital, Ltd. raised the number of analysts in its Hong Kong office to four in August.

David Gray, head of prime services for UBS AG in the Asia-Pacific region, ...