VMS Group, a $4bn Hong Kong-based multi-family office with an historical focus on private equity investments, is expanding into hedge fund strategies as it responds to growing client demand for more liquid investment options, according to a report by Bloomberg.
Founded two decades ago, VMS has traditionally concentrated on private equity and other long-term investments, managing capital for several of Hong Kong’s billionaire families. But as liquidity concerns grow among investors, the firm is recalibrating its asset allocation approach, building out a hedge fund team to complement its PE portfolio.
The firm has brought on Raymond Jook, a seasoned equities manager, as Managing Director to lead the effort. He is joined by Kyle Wong and Carmen Tang, forming a new public markets team tasked with building a long-short equity strategy. VMS aims to launch a new fund targeting over $100m by the end of the year, with longer-term ambitions to grow into a multi-strategy platform, adding credit, macro, event-driven, and quant strategies.
While hedge fund development is now underway, private equity remains a cornerstone of VMS’s business. The firm continues to invest in sectors such as internet technology, pharmaceuticals, and artificial intelligence.
