According to media reports, Hong Kong hedge fund Pamalican Asset Management recently moved out of a pricey office building, with the relocation of its office seen as a response to operating cost pressures. According to land registration documents, the company led by former Goldman Sachs executive Jamie Goodman gave up its lease at The Henderson office building in March of this year. The three-year lease was originally set to continue until July 2027 with renewal options. Another filing shows that Pamalican has moved to a suite in the Duke of Edinburgh building in Central. Goodman founded the hedge fund management company in 2024, headquartered in Hong Kong, and received a $500 million investment from Millennium Management, becoming one of the most anticipated hedge fund startups of the year. However, in April 2025, just eight months after Pamalican began trading, Millennium decided to withdraw its investment, prompting Pamalican to raise funds from other investors. It is understood that The Henderson is a top-notch commercial project in Central owned by Hang Lung Properties (00012). In 2025, the leasing rate reached a record high of 95%, attracting many multinational corporations and financial institutions, including global alternative investment company Point72, private equity firm Coller Capital, private equity firm General Atlantic, hedge fund company Aeonea, investment management company Cohen & Steers, luxury watch brand Audemars Piguet, and art and luxury auction house Christie's. A spokesperson for Hang Lung Properties said The Henderson still has strong demand. Goodman declined to comment.