Institutional Investors

Persistent Asset Management moves HQ to Hong Kong

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The fund of hedge funds platform Persistent Asset Management, which was launched initially on the West Coast of the US, is looking to boost its exposure to China-focused managers after securing a Type 9 asset management license from the Hong Kong’s Securities and Futures Commission.

The peripatetic $1.1 billion fund of hedge funds was originally established in San Francisco, California and moved its global headquarters to Singapore in 2007, but relocated recently its headquarters to Hong Kong – citing the need to be physically close to single managers investing in Greater-China related securities

A source from the company