Hong Kong taps Value Partners, 9 others to manage US$385 million residency scheme fund

Hong Kong Investment Corp (HKIC), the government's investment arm, on Tuesday appointed 10 asset managers spanning venture capital, private equity, private credit and hedge funds to oversee at least HK$3 billion (US$385 million) under its enhanced cash-for-residency scheme. HKIC said in a statement that the new batch of managers for the investment portfolio under the New Capital Investment Entrant Scheme (New CIES) included Hong Kong-headquartered Value Partners, one of Asia's largest asset management firm ...