SAAM to nurture hedge fund managers in Hong Kong

13 June 2014   Category: News, Asia, Global, Hong Kong, Singapore   By Asia Asset Management

Hong Kong registered Swiss-Asia Asset Management (SAAM) is looking to address the growing interest towards alternative investments by incubating hedge fund managers in the territory.

SAAM, which began operations in 2010, is moving its business development manager Omar Taheri to Hong Kong to oversee the Swiss-Asia Incubation Platform.

The fund manager has total AUM of around US$1.5 billion.

"In Hong Kong we are seeing larger funds being launched, perhaps that is [due to] the nature of the major trading desks in Asia being based in Hong Kong,” Mr. Taheri told hedge fund news service Opalesque.

“The key in the near future is having access to the growing wealth of China, and talented Chinese fund managers setting up in Hong Kong."

SAAM added eight new funds onto its platform in Singapore in 2013. Mr. Taheri said he aims to add more funds onto the platform in Hong Kong in response to growing interest in the region.

“There are new platforms being set up to address the demand for such incubation services for hedge funds. Hedge funds in Asia don’t quite launch with the scale like in the more established hedge fund scenes, such as New York or London, hence platforms have huge values,” he added.

Figures from research house Eurekahedge indicate that global hedge funds crossed the $2.1 trillion mark in May as fund managers delivered performance-based gains of $9.29 billion during the month.