August 03, 2005

Hong Kong: A Strong Private Equity And Hedge Fund Venue

Walkers, which is global offshore law firm recently made public its detailed analysis of the Hong Kong Marketplace. It said that in the last three years the number of investment companies in Hong Kong has increased by 165%. A majority of these companies are in Cayman Islands. Walkers is a top law firm for hedge funds by total assets of funds and assets of non-U.S. funds. The number of investment companies has shot up from 17 to 28 between 2001 and 2004. Even private equity funds raised in Hong Kong over the last three years has increased by 470% in this duration. Asia is being seen as a promising market for investment with over $60 billion already invested in hedge funds across Asia. Cayman Islands in particular are an attractive jurisdiction for Asia-focused hedge funds primarily because of stringent regulatory and legal framework which mandates transparency and disclosure. The level of regulation is even over and above what US currently requires, thereby making it exciting for institutional investors and high net worth individuals. Home.businesswire.com reports:

“The Walkers analysis also revealed a 470 percent, or $217 billion, increase in private equity funds raised in Hong Kong over the last three years, growing from $58.6 billion raised in 2001 to more than $276 billion in 2004.”

Read More: Hong Kong's Growth as Strong Private Equity And Hedge Fund Venue Continues; 470 Percent Increase in Private Equity Funds Raised Over Last Three Years

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August 3, 2005 in Research | Permalink




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