Tremont seeks Hong Kong license

The Chicago-based fund of hedge funds plans to target Asian investors.

Chicago-based Tremont Capital Management is setting up shop in Hong Kong in order to target Asian private banks and institutional investors for its fund-of-hedge-fund products, says Billy Cheung, director of the firm's Asia division.

As part of this business strategy, the firm is also in the process of applying for an investment advisory license from the Hong Kong Securities and Futures Commission. Cheung says the firm has no plans at this time to target the retail...

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