Hong Kong asset managers hedging their bets over new law
Without details of China’s new legislation over the financial hub, fund managers are staying put as relocating is ‘not an easy decision’
14 June 2020 - 09:09
Hong Kong — A hedge fund industry group says Hong Kong continues to attract new firms, downplaying speculation that money managers are fleeing the city over China’s attempt to enact a national security law.
At least six hedge fund managers have set up shop in Hong Kong this year, according to the Alternative Investment Management Association. Though some Hong Kong firms are seeking licences to expand in Singapore, they aren’t abandoning their home base, said Jack Inglis, CEO of the group...
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