Tuesday, 31 May 2016
Last updated 3 days ago
Jun 17 2014 | 3:31pm ET
Swiss-Asia Financial Services has launched a hedge-fund platform in Hong Kong, its second in the region.
Two funds are in the process of joining the platform, which offers managers infrastructure, office and compliance support. The funds manage between US$10 million and US$30 million each.
Swiss-Asia already has a platform in Singapore, boasting seven managers, including five added this year, Bloomberg News reports.
The firm hopes to add five funds to the Hong Kong platform over the next 12 months.
“Being the biggest hedge-fund center in Asia, Hong Kong is the right match to our existing platform in Singapore,” where it is based, Swiss-Asia business-development chief Omar Taheri told Bloomberg. “The advantage has become even bigger because of the new rules.”