On June 4th, market sources reported that Kenneth Kan, Vice President of Damon Asia Capital, a hedge fund company based in Singapore, announced plans to expand its Hong Kong office. They will be leasing a 7,000 square foot unit in The Duke of Connaught, a building owned by The Link, which can accommodate more than 70 employees. This is double the capacity of their current office in Winsome House. The company is expected to move into the new office in the fourth quarter. Kenneth Kan mentioned that their Hong Kong business has been operating in Winsome House since 2016, with over 30 employees. Since the beginning of last year, they have hired nearly 15 fund managers who have the option to work in various locations. 40% of them have chosen to work in Hong Kong, while the rest are spread across locations such as Singapore, Tokyo, Mumbai, and Shanghai. With more talent choosing to work in Hong Kong, the company needs a larger office space. He emphasized that Hong Kong is an important market for the company and they will continue to develop their team there. Kenneth Kan also mentioned that the fund currently manages assets worth $2.5 billion and the estimated return rate for the first 5 months of this year is 10%.