Man Investments revealed this week that it is preparing an application to the Hong Kong Securities and Futures Commission (SFC) to have its hedge fund offerings licensed for retail investors in the territory.
Speaking to FinanceAsia.com, Man Investments' Asia Pacific regional manager, Matt Dillon predicted that the Hong Kong retail market is likely to see significant growth, and suggested that as investors become more sophisticated and experienced, more variety in the funds on offer is necessary.
'Because of the diversification they can add to a portfolio and the absolute return approach, hedge funds can be as valuable in rising stock markets as they are in falling markets,' he announced.
He went on to explain that although no final decision has been made on the type of fund that Man would offer should the SFC accept its application, it would likely be a multi-manager, multi-strategy hedge fund offering.
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