Mirae Plans HK Hedge Fund Expansion

Mirae Asset Global Investments is planning to scale up its hedge fund operations in the Hong Kong market.

Mirae Asset Global Investments is planning to scale up its hedge fund operations in the Hong Kong market, Financial Times reports. The firm currently manages quasi hedge funds in Hong Kong from Korea. Mirae is also looking to sell these hedge funds to Korean investors subject to regulatory change. The firm, which has $51 billion of assets under management, is also aiming to roll out products such as a flexible multi-asset fund investing in equities, commodities and currencies and an Asia long/short fund.

Click here for the story from Financial Times.