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Julia Leung B. G., Opalesque Geneva:

In a keynote speech at the AIMA APAC Annual Forum 2022, Ms Julia Leung, deputy CEO at the Hong Kong Securities and Futures Commission (SFC), touted the increasing number of local hedge funds, the regulator's renewed awareness of the need for transparency and oversight of virtual assets, the jurisdiction's enhanced role as the gateway to China and the resulting investment tools, and its positive stance on sustainable finance. She also recognised the need for better talent retention measures.

According to AIMA, Asia Pacific's alternative asset class is growing faster than anywhere else in the world and Hong Kong is the largest hedge fund centre in the region, she says, and this is evident from SFC's survey data.

In a survey of licensed hedge fund managers the SFC conducted last year, the number of hedge funds increased by roughly 20% to more than 1,400 between 2018 and 2020. The total assets under management (AuM) managed by hedge funds surged by around 48% to US$287bn. Nearly 90% of the survey respondents reported Hong Kong as their headquarters, and their total AuM was 70% of the total hedge fu......................

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