By Niki Natarajan
The Hong Kong Jockey Club is a pioneer in many different ways. The Jockey Club, which is Hong Kong’s only authorised operator of horse racing, and regulated football betting, donated $200 million to various charity and community works in Hong Kong last year as it continues to be both the single largest taxpayer and benefactor in town. It also continues to break new ground in the Hong Kong hedge fund investing arena with its latest initiative to add a global macro and a medium term liquidity programme to its existing multi-manager line-up.
The Hong Kong Jockey Club, which was founded in 1884 and became a professional racing organisation in 1971, has been investing in hedge funds since 2001. At the time it was the first institutional investor in the city-state to invest in hedge funds.
Jacob Tsang, the club’s director of group treasury, looks back and...