Hong Kong hedge fund managed assets
Total hedge fund AUM in Hong Kong has surpassed its $90bn peak in 2008, driven by institutional investment, according to a Securities and Futures Commission report.
, which surveyed the activities of 401 SFC-licensed managers and advisers, said hedge funds under management in Hong Kong had reached $120.9bn by September last year. This is a 39% increase when compared to the same survey conducted two years prior.
The majority of hedge fund investors were based outside of Hong Kong, and most were said to be institutional investors.
Coordinated by the International Organisation of Securities Commissions, the report said the number of hedge funds managed by SFC-licensed fund managers and advisers also increased by 15% to 778, from 676 two years ago.
Hong Kong hedge fund assets were allocated mainly to the Asia-Pacific region using equity long-short and multi-strategy. While almost 32% were allocated to Hong Kong and mainland China, nearly 64% were allocated to the Asia Pacific markets.