Owl Creek Wins Hong Kong License

Jun 7 2011 | 1:31pm ET

The growing community of western hedge funds in Hong Kong has a new neighbor, at least in spirit: Owl Creek Asset Management.

The New York-based firm, which has about $7 billion in assets under management, won an asset-management license from the Hong Kong Securities and Futures Commission last month, Reuters reports. But unlike other U.S.- and Europe-based funds to obtain a similar license, Owl Creek has no plans to create a physical presence in Hong Kong.

Instead, the firm, founded by Jeffrey Altman, will use the license to attract a wider range of investors, according to Reuters. It will continue to trade in Asia—the firm has a $300 million dedicated Asia fund and $2.6 billion invested in the region in total—from its home base in New York.

The SFC issued the license to Owl Creek on May 20.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of