Award-winning fund management group ImPac Asset Management is set to unveil a major restructuring.
It is believed that some key fund managers - who are also partners in the boutique management company - are planning to leave.
The six-partner firm was formed about 2.5 years ago and has about US$150 million under management.
Despite a successful investment record, the company has been unable to attract large institutional mandates which are essential for generating a critical mass of funds under management.
Investment manager Gary Ting said the company was seeking permission from the Securities and Futures Commission for the restructuring, set to be unveiled at the end of the month.
A key element is expected to be a joint operation with Asset Korean, an investment advisory company based in Seoul.
Asset Korean's fund management subsidiary in Hong Kong, Asset Universal, manages about $300 million, most invested in Korean bonds and stocks.