Hong Kong hedge funds under threat ----------------------------------------- Hong Kong-based hedge funds are considering moving their operations after Beijing approved controversial national security legislation that will permit China’s secret police to operate in the city ----------------------------------------- Combined Asian hedge fund assets under management (Hong Kong, Singapore, Japan, Australia, US$ billions) 92.0 97.2 119.9 137.5 150.5 157.2 189.2 180.2 191.9 2011 2012 2013 2014 2015 2016 2017 2018 2019 108.6% Increase since 2011 ----------------------------------------- Hedge fund assets under management (2019, US$) ----------------------------------------- Hong Kong $92.1bn Funds: 546 Singapore $47.3bn 334 Japan $27.5bn ≈100 Australia $25bn ≈100 ----------------------------------------- Sources: Bloomberg, Financial Times, Eurekahedge Picture: Getty Image © GRAPHIC NEWS