Hedgefunds, China vs US vs HK

How does the outlook of hedgefunds look like for Chinese run hedgefunds? Asking because of China's increasingly tightening of the flow of free money in China, as well as capitalistic moves, which I feel are what hedgefunds have to have since they make trades here and there based on "mistakes" of capitalism.

Also, are Chinese run hedgefunds/propshops located in China or HK? Asking because, once again, CCP's tight control of money makes me think even Chinese run hedgefunds would prefer being actually located in HK where it's more capitalistic and allows more freedom in terms of financial maneuvers, in terms of trades made, taxes, etc. 

Finally, how would working be different in US vs China/HK based hedgefunds?

Hedge Fund Interview Course

  • 814 questions across 165 hedge funds. Crowdsourced from over 500,000 members.
  • 11 Detailed Sample Pitches and 10+ hours of video.
  • Trusted by over 1,000 aspiring hedge fund professionals just like you.

Comments (3)

Most Helpful
  • Analyst 1 in HF - Macro
Sep 21, 2021 - 5:00am

I currently work at a single manager fund in Shanghai. Our main office is located in NY, but all of our investors are HNWIs and family offices in China/HK/Singapore/etc. We primarily invest in the US and China (through HK-listed companies). It seems like there's a strong push to invest money outside of China right now and the family office business is really booming, so capital is pouring in right now. Money has been moving out of China and HK towards Singapore especially after the national security law crackdowns.

Pay will likely be lower than equivalent positions in the US - probably about a 50% discount, but the business is booming. I get the sense that Chinese investors strongly prefer systematic/quant-oriented firms and are skeptical of having a qualitative edge (ironic). 

Uncertain about exit ops, probably will have more difficulty transferring back over to the US/UK afterwards, but could make it work if you're early in your career and play up China-expertise. 

Oct 21, 2021 - 2:46pm

Maiores voluptate nam accusamus soluta amet odio. Explicabo non in porro totam. Ipsum corporis laborum aut est maxime et. Quaerat corporis reiciendis sed possimus.

Libero fuga eveniet quaerat aliquid aut debitis iure. Sint nisi fuga recusandae aut quidem eum sit. Quia facere saepe voluptate culpa sed. Dolor porro quia consequuntur. Voluptas consequuntur sed fuga. Sint qui quaerat iste quia dolorum.

Optio enim id quod. Soluta sunt ipsa maiores ut nulla inventore quaerat et. Quos eaque et tenetur deleniti dolor minus.

Start Discussion

Total Avg Compensation

November 2021 Hedge Fund

  • Vice President (20) $488
  • Director/MD (10) $359
  • NA (5) $306
  • Portfolio Manager (7) $297
  • 3rd+ Year Associate (21) $288
  • Manager (4) $282
  • 2nd Year Associate (28) $241
  • Engineer/Quant (52) $238
  • 1st Year Associate (64) $187
  • Analysts (195) $166
  • Intern/Summer Associate (17) $122
  • Junior Trader (5) $102
  • Intern/Summer Analyst (215) $82