IFM Investors has opened an office in Hong Kong after its successful procurement of a Securities and Futures Commission of Hong Kong license.
Australian global fund manager, IFM Investors, is working on expanding its global footprint with a new industry office in Hong Kong opening to allow the firm to meet the appetite of institutional investors.
IFM chief executive, Brett Himbury, said the move would secure the firm a foothold in the competitive Asian marketplace and assist investors to diversify investment opportunities in high-return regions.
“Our investors are increasingly seeking opportunities in Asia and an office in Hong Kong will allow us to continue to globalise our investment capabilities,” he said.
“We will work closely with regulators and professional investors in Hong Kong to meet regulatory requirements and investor needs.”
More than 40 per cent of IFM’s investment professionals were now based outside Australia, with Hong Kong selected as the second location for an Asia office, after the opening of the firm’s Tokyo base.
IFM Investors Active Equities Team has also launched its Asia-Pacific Market Neutral capability, which can invest across Asia in Hong Kong, Korea, Singapore and Taiwan.