The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

SHK & Co
Hong Kong-listed Sun Hung Kai & Co and its asset management subsidiary have pledged to seed the ActusRayPartners Asian Alpha strategy. 

ActusRayPartners is a hedge fund firm based in Hong Kong.

Goldman Sachs, Morgan Stanley, and UBS are expected to be the prime brokers for the strategy, SHK & Co said in a statement yesterday. Morgan Stanley Fund Services and PwC are expected to be the administrator and auditor. Clifford Chance and Walkers are expected to be the international and Cayman counsel respectively.

The move adds to SHK & Co’s seed investment in the ActusRayPartners European Alpha strategy. 

"We are proud to be the seeding partner for ActusRayPartners and congratulate the team on their performance in the European strategy and the continued growth and development of the firm,” Lindsay Wright, CEO of Sun Hung Kai Capital Partners, said. β€œWe are excited to provide further support to their business extension with the launch of the new strategy, the ActusRayPartners Asian Alpha Strategy.” 

β€œWith their proven track record, we have high confidence that the implementation of the same process – discretionary probabilistic investing – will translate well to Asian markets,” Wright said. 

The asset management subsidiary of SHK & Co is called Sun Hung Kai Capital Partners.

Late in 2022, SHK Capital Partners launched Family Office Solutions to provide customised investment solutions and comprehensive operational services to a select group of private clients, family offices, and institutions.