Bloomberg – Swiss-Asia Financial Services Pte started a hedge-fund platform in Hong Kong, adding to one in Singapore, to meet rising demand from smaller funds seeking to cut costs amid tighter regulations.
Two funds with assets under management of between $10 million and $30 million are in the process of joining the Hong Kong service that provides smaller managers with infrastructure, office space and helps them with their compliance requirements while allowing them to focus on investment decisions, said Omar Taheri, business development manager at Swiss-Asia. The Singapore-based firm plans to add five funds in Hong Kong within the next 12 months, he added.
