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Hedge funds

Hedge funds
News and analysis about these pooled investment funds that are usually mandated to make extensive use of complex trading, portfolio, risk management techniques, including short-selling, algorithmic transactions, leverage and derivatives. Hedge funds usually have a higher barrier to entry, and promise higher returns for higher risk. They are also usually subject to different risk-management regulations.
Quant funds, such as Hangzhou-based High-Flyer, made up the 10 top-performing large hedge-fund firms in China in 2025. Photo: Shutterstock
Artificial intelligence

DeepSeek founder’s High-Flyer ranks among China’s top hedge-fund firms in 2025

Hangzhou-based High-Flyer ranks second among China’s 10 top-performing large hedge-fund managers last year.

Banking & finance

Macroscope | As global spending needs grow and debt rises, business as usual won’t suffice

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Hong Kong property

Hong Kong hedge fund founder pays US$74.3 million for luxury Shouson Hill home

Banking & finance

Adams Street joins wave of investment firms opening in Hong Kong

‘We want to be closer to both our investors and the investment opportunities that are presenting themselves here,’ managing partner says.

Tourists take in the view of Hong Kong from The Peak on June 21, 2025. Photo: Eugene Lee
US-listed Chinese stocks

US funds tread carefully on China as Oaktree and Appaloosa adjust bets

Oaktree exits KE Holdings, billionaire David Tepper’s Appaloosa boosts Baidu stake and Bridgewater stays away from China in third quarter.

Banking & finance

Canada’s RBC BlueBay partners with Endowus to expand Asia presence

Partnership aims to provide specialist fixed-income strategies to investors in Hong Kong and Singapore via Endowus’ platform.

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Banking & finance

Former Point72 Japan head plans Hong Kong-based hedge fund firm

Tomohiro Yamaguchi’s Invictus aims to start trading in the first quarter of 2026, focusing on the 300 largest, most liquid Japanese stocks.

A view of Tokyo from Tower Hall Funabori Observation Deck in the Edogawa district on August 14, 2025. Photo: AFP
Banking & finance

Hedge funds boost options bets for yuan to strengthen past 7

Hedge funds ramp up options wagers, signalling that the yuan’s rally against the US dollar still has room to run.

China stock market

Trading places: Chinese quant funds lure AI talent from the US

Trump upheaval plays into the hands of talent-hungry firms in the growing sector, as many eye markets beyond the mainland.

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Wealth management

Asian family offices expand US footprint: Andon Hong Kong opens New York office

The firm manages money on behalf of Shenzhen-listed Andon Health, a Chinese maker of medical devices.

The skyline of downtown Manhattan in New York on March 15, 2022. Photo: Shutterstock
Cryptocurrency

Hong Kong family office VMS Group makes first foray into cryptocurrency

With about US$4 billion in assets under management, VMS plans to allocate up to US$10 million to strategies run by hedge fund Re7 Capital.

Wealth managers are moving to accommodate growing cryptocurrency adoption among their clients in Hong Kong. Photo: Shutterstock
Fintech

Fintech start-up Syfe bolsters Hong Kong expansion after new funding round

Singapore-based Syfe’s expansion plans reflect the city’s position as the largest hedge fund and cross-border wealth management hub in Asia.

DeepSeek

From gifted student to AI hero, DeepSeek founder inspires a nation

Hailing from an obscure village in southern China, Liang Wenfeng has risen from humble roots to become a household name.

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Wealth management

Hong Kong finance chief sees US$20 billion of IPOs this year on tech optimism

Companies could raise between US$17 billion and US$20 billion this year, Paul Chan tells tech forum.

Hong Kong is hosting three major financial events towards the end of this month. Photo: Sam Tsang
DeepSeek

DeepSeek founder gets hero’s welcome in Lunar New Year hometown visit

Liang Wenfeng’s hometown in Zhanjiang, Guangdong province, is now a tourist attraction based on its DeepSeek connection, local reports say.

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DeepSeek founder and chief executive Liang Wenfeng. Photo: Weibo
Artificial intelligence

Explainer | How start-up DeepSeek emerged as the unlikely game changer in US-China AI war

From visionary founder Liang Wenfeng to a young team of dedicated scientists, DeepSeek is taking the road less traveled in AI.

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DeepSeek

DeepSeek’s AI breakthrough could alter China’s ‘national fate’ in US tech war

‘We should have confidence that China will eventually win the AI war with the US,’ Qihoo 360’s Zhou Hongyi said in a Weibo post.

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Artificial intelligence

Beijing puts spotlight on China’s new face of AI, DeepSeek’s Liang Wenfeng

Liang’s participation at Monday’s meeting with China’s premier reflects start-up DeepSeek’s growing prominence in the AI industry.

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Chinese Premier Li Qiang, left, listens to DeepSeek founder Liang Wenfeng at a meeting in Beijing on January 20, 2025. Photo: CCTV
Banking & finance

Hong Kong gets a boost as 3 global hedge funds open offices, recruit staff

Hudson Bay Capital, Sona Asset Management and Centiva Capital are setting up shop in the city, according to sources.

Millionaires and billionaires

Meet Marc Lasry, the Milwaukee Bucks co-owner being sued by a former employee

Lasry moved to the US as a child and once shared a room with his 2 sisters – now he’s the epitome of the American dream; but he’s counter-suing a former employee for extortion after she claimed harassment.

Artificial intelligence

Meet DeepSeek: the Chinese start-up that is changing how AI models are trained

Hangzhou-based DeepSeek is 2025’s ‘biggest dark horse’ in open-source large language models, Nvidia research scientist Jim Fan says.

Artificial intelligence start-up DeepSeek has built a powerful large language model at less cost than what bigger tech firms spend on such projects. Photo: Shutterstock
Artificial intelligence

Chinese start-up DeepSeek’s new AI model outperforms Meta, OpenAI products

DeepSeek’s V3 model was trained for two months at a cost of US$5.58 million, using significantly fewer computing resources than its rivals.

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DeepSeek has developed an artificial intelligence model at a fraction of the capital outlay that bigger companies like Meta Platforms and OpenAI typically invest. Photo: Shutterstock
United States

Opinion | An America awash in global capital risks spreading financial instability

Free capital flows accelerate economic growth but can also be destabilising, spreading jitters via financial markets.

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Hong Kong property

Exclusive | World’s largest hedge fund CIO buys HK$95 million home in Hong Kong

Bridgewater Associates’ co-CIO Bob Prince paid HK$95 million for a three-bedroom home at St. George’s Mansion in Ho Man Tin.

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Banking & finance

Exclusive | China is ‘very much’ investible, offers unique diversification: Bridgewater

More stimulus is needed as spending is still too low to achieve its growth target, co-CIO Prince says.

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Bob Prince, co-chief investment officer of Bridgewater Associates, during a panel discussion at the 2024 Family Business Summit in Hong Kong on November 16, 2024. Photo: Jelly Tse
Banking & finance

Asia hedge funds outperform global peers on September rally

September gains near 5 per cent pushed Asia fund returns to 9.7 per cent for the first nine months, above the global average.

People walk on a pedestrian bridge that displays the stock prices from the Shanghai and Shenzhen exchanges on September 27, 2024 in Shanghai. Photo: Getty Images
Banking & finance

Steady fund flows have bolstered Hong Kong’s financial hub status: SFC

Hong Kong-domiciled funds saw net fund inflows of HK$33 billion (US$4.2 billion) in the first quarter, following a 93 per cent jump last year, the SFC data showed.

Banking & finance

Chinese companies fuel convertible bond surge, likely ‘precursor’ to IPO rush

Alibaba, JD.com, Trip.com and Lenovo Group have led a combined US$10.5 billion in convertible bond offerings in the past two weeks.

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