Hong Kong's Securities and Futures Commission has five priorities for improving the funds industry, topped by growing the hedge funds market, says Alexa Lam, executive director of intermediaries and investment products.
The authorized retail hedge funds industry in Hong Kong is small, but this belies the true size of the industry here, Lam says.
Although the SFC authorized only five hedge funds in 2004, for a total of 13 funds managing $1.13 billion, Hong Kong also captured the largest share of start ups - more than Japan or the United States, she claims, and five times more than Singapore. The total Asia-Pacific hedge fund industry topped $47...
