Jim Rogers Heads for Asia, Asks $15 Mln for New York Townhouse

Bloomberg reports:

Jim Rogers, the hedge fund manager and author of ``Investment Biker,'' said he's put his New York townhouse on Riverside Drive up for sale for $15 million so he can move to Asia, where he predicts a boom in Chinese stocks.

``Our child is bilingual in Mandarin and English, so we would like to move to a Chinese-speaking city,'' said Rogers, 63, a former partner of George Soros who foresaw the start of a commodity rally in 1999. ``Whether it's Singapore, Shanghai or Hong Kong, who knows?''

Rogers traveled through China by motorcycle and car in the 1990s researching investment ideas and collecting material for his books, which also include ``Adventure Capitalist'' and ``Hot Commodities.'' A commodity index he started in late 1998 has more than tripled. His New York house, built in 1899-1902, has done even better. He bought it in 1977 for $107,000, property records show, giving him a 140-fold return at a $15 million sales price.

Is Jimmy Rogers the early part of a trend to Asia?