Family Office for Hong Kong’s Richest Builds Out Hedge Fund Team

A money manager for some of Hong Kong’s richest families is building a hedge fund team to allocate money away from private equity after its clients asked for more liquid investments.

VMS Group, which has about $4 billion in assets under management, hired equities veteran Raymond Jook as managing director in April. The team added Kyle Wong and Carmen Tang to form a three-person group that will invest in public markets and build hedge fund strategies over time, managing partner Elton Cheung said in an interview.

Raymond Jook

Source: VMS Group

The hires are part of a strategic pivot for the multi-family office that’s ...