Hong Kong Approves PCA Investments

June 19, 2011 James Heinsman Hedge Fund News

As the hedge fund industry increases its interest in Asia, dozens of firms have applied for licenses in Hong Kong. The city has recently granted PCA Investments with an asset management license. The hedge fund plans to raise more than $750 million.

PCA, or Principia Capital Advisors, plans to begin with CTA (commodities trading advisors), a strategy that bets on long lasting market tendencies, equity and credit strategies.

SFC’s website names both Hang Hu and Wing Lau, a former executive at Merrill Lynch, as responsible officers.

Hedge Funds Asia, Hegde Fund Industry, Hong Kong, PCA Investments, Principia Capital Advisors,

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