Singapore-based hedge fund FengHe Fund Management is planning to open a Hong Kong office in the second half of 2026 as part of efforts to broaden the firm's regional footprint across Asia, according to a report by Reuters.

The firm, which manages around $9bn in assets, has secured office space in Two International Finance Centre in Central and is in the process of applying for an asset management licence, according to CEO Kwek Hyen Yong. The new location will initially house a small team, with scope to expand over time.

FengHe’s growth comes amid a resurgence of interest in Hong Kong as a hedge fund hub, with firms attracted by the city’s deep talent pool and improving market conditions. The manager said, however, that its expansion is primarily driven by recruitment needs and a desire to offer greater geographic flexibility to staff.

The 17-year-old firm has seen assets more than double over the past year, outperforming an industry where inflows have largely favoured quantitative and multi-manager strategies. Its flagship Asia-focused fund, which invests across markets including Japan, South Korea and Greater China, has delivered strong returns in recent years despite recent volatility linked to geopolitical tensions.