Hong Kong hedge funds now run $55.3 billion
The Securities and Futures CommissionÆs first survey in three years finds the number of funds operating in the city has grown over the past year, but the amount they manage has shrunk.
As of March 2009, Hong Kong hosts 209 active hedge-fund management firms that run a total of 542 funds and $55.3 billion in assets, according to Hong Kong's Securities and Futures Commission (SFC).
The regulator says there are 231 licensed corporations it considers hedge-fund managers; 225 replied to its survey, as the others were in the process of being unwound. Of that 225, another 16 were brand new and hadn't launched their funds as of March 31, so weren't counted.
The SFC polled…
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