Three more global hedge funds establish themselves in Hong Kong.

According to informed sources, three more global hedge funds are expanding to Hong Kong, including US multi-strategy firm Hudson Bay Capital Management LP, UK credit asset management company Sona Asset Management, and Centiva Capital LP from New York. Government records show that Hudson Bay, which manages around $20 billion in assets, registered a company in Hong Kong in October. So far, the company has recruited employees in Hong Kong, including Jack Truong, who leads the Asia business development team at Segantii Capital Management Ltd., and Dong Yinfei, who previously worked as a convertible bond trader at Segantii. Hudson Bay has been considering setting up an office in Hong Kong for years, and the recruitment activities indicate that preparations for establishing its 7th global and first Asian office in Hong Kong are moving quickly. Sona, managing $10.1 billion in assets, mainly focuses on European public and private credit. According to market sources, the company established a presence in Hong Kong in August and is considering relocating some employees and recruiting new staff. Sona currently operates in London and New York. Centiva Capital, which expanded its business to Singapore three years ago, recently obtained regulatory approval to establish an office in Hong Kong at the end of November, according to information on the Hong Kong Securities and Futures Commission website. Informed sources revealed that employees such as Asia head Matthew Haudenschield and equity capital markets trader Piers Cassidy have been moved to Hong Kong.