SFC Says Hong Kong Hedge Funds’ AUM Reach New Record
According to the Securities and Futures Commission (SFC), Hong Kong’s hedge fund assets under management reached a record high in 2014, despite fears that political clashes, between pro-democracy youth and the pro-Beijing establishment.
The
SFC report shows that as of September 30, 2014, hedge fund assets under
management (AUM) in Hong Kong reached US$120.9 billion, an increase of
39% from the amount reported in the previous survey in September 2012.
The
report also shows that Hong Kong hedge fund managers mainly adopted an
Asia- Pacific-focused equity long/short and multi-strategy.
Additionally, overseas institutional investors made up the majority of
the investor base.
The
main finding of the report is that Hong Kong’s hedge fund industry has
continued to grow. The number of hedge funds managed by SFC-licensed
hedge fund managers in Hong Kong increased from 676 in 2012 to 778 as of
September 30, 2014. The number of hedge fund managers increased from
348 in September 2012 to 401 in September 2014.
The
2014 total hedge fund AUM in Hong Kong surpassed its previous peak in
2008 and represented over 13 times the US$9.1 billion AUM in 2004, the
earliest year covered by SFC surveys.
Source: Forex Magnates
