The advantages: Why Hong Kong is a leader in the region

Mon Mar 23, 2009



Players in the Hong Kong hedge fund industry have undergone a degree of soul-searching over the years as they evaluate their role in the broader regional industry.

With regard to the perceived competition, Australia has never been considered as a competitor to Hong Kong, despite its larger size in terms of assets under management. Australia’s hedge fund industry is essentially far more domestically oriented and self-sufficient. The country’s ban on shorting in 2008, and the possibility this will be retained in future, has probably stymied the further growth of the local hedge fund industry there.

Similarly, even though Japan has constituted a much larger market in the past, it has tended to complement Hong Kong, rather than compete with it over the years. This is partly due to the fact that Japan long/short equity investment has always tended to eclipse other investment strategies among Japan-based advisers....

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