Hedge fund manager John Paulson received a Securities and Futures Commission securities license in Hong Kong in February, joining other large hedge fund managers such as Soros Fund Management, GLG Partners, and Viking Global Investors in the territory.
Paulson & Co. gained fame for correctly betting against the U.S. housing markets in 2007 and 2008, and now the hedge fund is one of the largest with $36 billion under management.Hong Kong has become the top destination for hedge funds in Asia because of its proximity to China, strong legal infrastructure, and friendly operating environment.
http://chinahedgefundnews.com/2011/03/13/paulson-receives-hong-kong-sfc-license/
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