20 managers control half of hedge fund assets in HK

Reuters – Just 20 funds cornered 56 percent of the hedge fund assets in Hong Kong, a survey by the Securities and Futures Commission released on Friday showed.

More than 500 hedge funds in Hong Kong managed $63 billion at the end of September, an increase of 14 percent from March 2009, with half of the funds managing $100 million or less.

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