Hudson Bay Among Three More Hedge Funds Expanding to Hong Kong

Three more global hedge funds are expanding to Hong Kong, providing a relief to the city that’s anxious to revive its appeal as a regional financial hub.

US multistrategy firm Hudson Bay Capital Management LP, UK credit shop Sona Asset Management and New York-based Centiva Capital LP are establishing a foothold in the city, said people with knowledge of the matter.

Hudson Bay, the Stamford, Connecticut-based firm overseeing about $20 billion, registered a Hong Kong entity in early October, according to government records. So far, its recruits in the city include Jack Truong, who led Segantii Capital Management ...