Alain De Coster

Hong Kong-registered asset management company Swiss Asia Asset Management is looking to incubate hedge fund managers in Hong Kong and at the same time raise its assets under management that currently stands at $1.5bn.

To better position itself in Hong Kong, Swiss Asia is moving its Business Development Manager Omar Taheri into the island to head-charge the Swiss-Asia Incubation Platform. Swiss Asia Asset Management already has type four (for accredited investors) and type nine (fund management) licenses in Hong Kong.

Taheri said in an interview with Opalesque, "In Hong Kong we are seeing larger funds being launched, perhaps that is the nature of the major trading desks in Asia being based in Hong Kong. The key in the near future is having access to the growing wealth of China, and talented Chinese fund managers setting up in Hong Kong."

Swiss Asia is an incubator of hedge funds and in the last year has added eight new funds onto its platform in Singapore. Taheri's main purpose is to add more funds onto their platform in Hong Kong to respond to the growing interest for the region.

Taheri continued, "There are new platforms being set up to address the demand for such incubation services for hedge funds. Hedge funds in Asia don't quite launch with the scale like in the more established hedge fund scenes such as New York or London, hence platforms have a huge value add in terms of providing all the operational requirements, office space, compliance and distribution. New funds should look at the opportunity cost of setting up on their own as opposed to going on a platform." ...

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.