Huobi Tech’s Subsidiary Huobi Asset Management Got the Approval to Launch 100% Virtual Asset Funds and Plans to Launch 3 Virtual Asset Funds
Huobi Technology Holdings Limited, is pleased to announce that Huobi Asset Management Limited, a wholly-owned subsidiary of the Company, has obtained the Securities and Futures Commission’s (SFC) approval to manage and distribute 100% virtual asset funds with effect from 3 March 2021. Huobi Asset is the second licensed virtual asset manager in Hong Kong to fall under the SFC’s “Proforma T******************* for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets” since October 2019.
Recommended AI News: Avantis Investors Continues to Build out Relationship Management Team
As the first licensed virtual asset fund manager approved by the SFC to issue virtual asset funds with an active investment strategy, it is the first virtual asset fund manager in the Hong Kong market to accept fiat currency or virtual asset subscription channels. Huobi Asset Management plans to launch three virtual asset funds: BTC tracker fund, ETH tracker fund, and multi-strategy virtual asset fund. Besides, Huobi Asset Management is launching its multi-asset fund with 10% allocation to virtual assets whilst 90% into traditional assets such as equities and fixed income.
Recommended AI News: Carnegie Learning Launches Bold New Brand Highlighting Its Innovative Approach to Improving Student Outcomes
A senior investment team will manage Huobi Asset Management’s virtual asset funds. The main business partners include Sidley Austin, Mourant, DBS, Fidelity Digital, and other world-renowned institutions. Ms. Gillian Wu, CEO of Huobi Asset Management, said, “We aim to provide various choices to investors with different risk appetites. We have covered comprehensive perspectives through in-depth dialogues with SFC and made full preparations on corresponding solutions. We are confident that our funds could offer one of the most secure and reliable channels for Professional Investors to access this novel asset class conveniently.”
The management of Huobi Tech said, “We are delighted that Huobi Asset Management team has secured such a breakthrough. The approval’s timing is perfect, coinciding with the mainstream institutional adoption of virtual assets starting from this year. We will continue to explore the possibility of diversifying our businesses in relevant areas to enhance our growth prospects and bring long-term sustainable returns to our shareholders.”
Recommended AI News: Trifacta Partners with Google Cloud to Host First-Ever Data Engineering Summit
Otobüste yine toplu tecavüz rezaleti! Anasayfa; Yazarlar Foto Video Gündem Siyaset Menü.
Scrap metal reconditioning and reusing Ferrous material grading standards Iron reclamation and utilization solutions
Ferrous metal waste reduction, Iron scrap salvage operations, Scrap metal smelting
Copper scrap grading Copper scrap equipment Scrap metal reprocessing center
Copper cable disposal, Metal reclamation and recycling, Copper wire bar scrap procurement