Taiwan’s SinoPac to enter fund admin business
Taiwanese financial services company SinoPac plans to set up a fund administration unit in Hong Kong targeting private equity and hedge funds with less than $100 million in assets under management.
It estimates there are more than 1,000 funds in the region that fall below this threshold. Family offices and wealth management providers will also fall under its remit. "About 85% of the funds out there...
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