The Hedge Funds Club is on its way to Hong Kong. On October 15, at the China Club, an event is being held where there will be free food and drinks for hedge fund managers and investors.

The Hedge Funds Club was founded in 2005 in Tokyo and held its first overseas event in Singapore in 2008. There will be another Singapore event, held at the Tower Club in mid-September, but the October event is the club's first foray into Hong Kong.

The club's founder is Stefan Nilsson, who is a prime broking capital introductions specialist currently with JP Morgan in Tokyo. Before becoming a prime broker, he had worked for a macro hedge fund in Tokyo that was connected to the royal family of Liechtenstein. He started the Hedge Funds Club as a forum where hedge fund managers and investors could get together, have a chat and a drink.

If you're a service provider who believes in the Groucho Marx concept of not wanting to join a club that would have you as a member, don't worry, because you're not invited. (But you can stump up cash to sponsor it.)

This means there is good news and bad news. The bad news is that attendees don't get to learn about how some individual at a service provider is a portal to delivering his entire firm.  The good news is that the reps from the service providers aren't falling on the trays of canapés like hungry wolves and eating the lot.