Fund of hedge funds group Tremont Capital Management, is opening for business in Asia with new regional headquarters in Hong Kong after rece...

Fund of hedge funds group Tremont Capital Management, is opening for business in Asia with new regional headquarters in Hong Kong after recently receiving a licence from the Hong Kong Securities and Futures Commission.

The new office will offer fund of funds and portfolio products to local and regional private banks, institutional clients and high net worth investors.

Tremont Capital Management (Asia) is the firm’s third international office, after London and Toronto.

Tremont is an affiliate of OppenheimerFunds and currently manages around $8 billion in client assets.