But the looming EU rules could affect them, especially if they run portfolios on behalf of European fund managers.
The industry has seen its share of fund management rise amid good performance and renewed efforts to drive demand from institutional and foreign investors.
New survey by city's securities regulator highlights hedge funds' shift to equity-focused strategies and a greater focus on China. And investors in Hong Kong and the Americas are rising in importance for funding.
The Australian government has published the latest draft of legislation intended to offer clarity over foreign investors' taxation exemptions. The move is expected to boost growth in the local fund management industry.
Private equity firms in the region are being forced to adopt higher ESG standards because of the need to attract European capital commitments, reveals an industry association.
The Alternative Investment Management Association's new partnership with China’s main funds trade body is tipped to help the mainland's nascent hedge fund industry to develop.