Another hedge fund targets HK’s retail

Latest News

Hong Kong-based Pickers Capital Management expects to launch a China-focused fund in Hong Kong that will be available to retail investors.

The firm received a green light from the Securities and Futures Commission to launch the C Fund – China Equity Fund, according to the regulator’s records. It is also the firm’s first SFC-authorised product.

Pickers Capital is a hedge fund firm that was established in the SAR in 2014, according to the firm’s website.

Ada Lau, co-founder and fund manager at Pickers Capital, told FSA that the C Fund – China Equity Fund is a long-only equity fund that will target the general public.

The fund will primarily invest in equities listed in Hong Kong, Shanghai and Shenzhen, Lau added, noting that it has a flexible exposure permitting the maximum cash level to reach 100%.

The firm manages an Asia-focused hedge fund, the Pickers Value Fund, which is a pan-Asia absolute return long-short strategy, according to Lau. The product is only available to institutional and high net worth investors.

Lau, as well as co-founder and chief investment officer Lee Ho Tak, were both senior portfolio managers at Value Partners, according to the firm’s website.

Lee managed the Value Partners China Greenchip Fund from 2009-2012, while Lau led a team of investment professionals from 2006-2013.

Pickers Capital is the second hedge fund firm in Hong Kong this year to enter the SAR’s retail market.

Just last month, Foundation Asset Management began selling only the third SFC-registered hedge fund authorized for sale to Hong Kong retail investors, who have access to a total of 1761 funds.

Foundation AM’s product, the Foundation China Equity Fund, is a hedge fund that has an absolute return strategy and is based on the firm’s Greater China hedge fund.

According to FE data, the other two SFC-registered hedge funds are the Janus Henderson Horizon Pan European Alpha and the Man AHL Diversified Futures.

Tags: | |

Leave a Reply