Hedge Funds Squeezed by World’s Highest Rents Are Moving OutBy
Hong Kong hedge funds are leaving Central as Chinese move in
It’s hard to hire top talent if you’re ‘sitting in a shoebox’
Benjamin Fuchs raised eyebrows five years ago when he opened his hedge fund next to a place selling live chickens in Hong Kong’s hustling, bustling Tin Hau neighborhood.
It was akin to choosing Queens over Manhattan in New York — or lowly Croydon over moneyed Mayfair in London.
But nowadays Fuchs is no outlier. He’s part of a swelling exodus of hedge funds from the tony confines of Hong Kong’s Central district, home to luxury landmarks like the Mandarin Oriental hotel…
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