Swiss-Asia Starts New Platform in Hong Kong for Small Hedge Funds

by swisscham in Business

Swiss-Asia Financial Services has 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. Omar Taheri, Swiss-Asia’s business development manager, said two funds with assets under management of USD 10 million to USD 30 million were in the process of joining the Hong Kong service, which provides smaller managers with infrastructure, office space and helps them with their compliance requirements while allowing them to focus on investment decisions. The Singapore-based firm planned to add five funds in Hong Kong in 12 months, he added. Hedge-fund managers with smaller capital are increasingly joining platforms which provide non-investment services to cut costs and comply with stricter regulations that require them to devote more time to administration tasks. Swiss-Asia had signed up seven managers in Singapore, Taheri said, with five starting this year. Another four were in the process of starting in the city-state, he added.

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