Sun Hung Kai Financial unit plans expansion of managers on alternatives incubation platform following recent acquisition of a stake in Justin Klintberg’s Kima Capital.
Sun Hung Kai Investment Services must pay HK$1.5 million after internal control failures. Separately, a retail investor is imprisoned for falsely trading shares of Kaisa Group.
Esther Lee Ying Chih, from Sun Hung Kai Financial, and Leung Kam Yu, formerly of Sun Hung Kai Investment Services, are not allowed to re-enter the industry for three years.
According to the boss of SHK Fund Management, research suggests that hedge funds outperform the rest of the investment world.
The Hong Kong regulator penalises Sun Hung Kai Investment Services for a longstanding lapse that allowed front-running of client trades.
Repurchase initiatives taken by Sun Hung Kai Investment Services and KGI Asia have been completed.