The 80s and 90s: the early
Although it has never been the biggest hedge fund
centre in the Asia-Pacific in terms of assets, Hong Kong lies
at the heart of the industrys development within the
region. A significant factor is Hong Kongs longstanding
role as the centre for investment banking in the region. This
means that all prime brokerage operations have historically
been headquartered in Hong Kong.
While it may not be Asia-Pacifics leader in overall
assets, Hong Kong has played host to the largest number of
hedge funds in comparison to its peers in the region. It also
can lay claim to being the home of the first hedge funds to be
established in Asia.
The anecdotal evidence points to Hong Kong-headquartered
Sofaer Capital, headed up by Michael Sofaer, as Asias
first single hedge fund operation. The firm was set...