Asset management company Swiss-Asia Financial Services has introduced a hedge-fund platform in Hong Kong in addition to its Singaporean fund range.
The Hong Kong fund platform comprises two funds with assets under management of between US$10 million and US$30 million. The company plans to add five funds in Hong Kong over the next year.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Swiss-Asia business development manager Omar Taheri told Bloomberg that the Hong Kong service is aimed at providing smaller managers with infrastructure, office space, besides helping them with their compliance requirements and allowing them to focus on investment decisions.
The company currently provides wealth management services to its Hong Kong customers through a team of six, while it plans to hire more work force for the new service, Taheri added.
The current regulations across many countries mandate the hedge fund managers to focus more on administration tasks.
As per the regulations introduced by the Monetary Authority of Singapore, registered fund managers should now have at least two relevant professionals with a certain level of experience. These laws are driving fund managers with smaller capital to join non-investment services platform.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataSwiss-Asia reported has added seven managers in Singapore, of which five have started this year, while four are in the process of starting in the city-state.
"Being the biggest hedge-fund center in Asia, Hong Kong is the right match to our existing platform in Singapore. The advantage has become even bigger because of the new rules," Taheri confessed.
