The Securities and Futures Commission has recovered HK$191m ($24.6m) of assets from the Cayman-domiciled Athena Fund, which was a product from asset manager Descartes Athena Fund SPC. “The SFC alleges the Athena Fund was an outright fraud,” said Mark Steward, the SFC’s executive director of enforcement. “Our action to have the assets frozen prevented them […]
Tag: Hedge Funds
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.
Robo investment and advisory is gaining traction
The next wave of technology is being eagerly embraced by hedge funds and wealth management firms, and that could disrupt current models of investment and advisory.
Select hedge fund strategies beat global markets
Less than half of the hedge funds offered in Hong Kong and Singapore have delivered more than 10% over the past three years.
