|Bloomberg: Hantak to Expand to Hong Kong, Start Fund||
Hantak Investment Advisors, a Beijing based quantitative firm started by two former Millennium Management executives, will open an office in Hong Kong next year, according to Zhiyu Qin, chief executive officer at the firm.
The 1.5 billion yuan ($224.5 million) firm plans on starting an offshore version of its futures strategy by the second half of 2017, he said.
Hantak Investment Advisors has returned 27 percent each year on average since it started trading in February 2012, according to an investor presentation. It is down 2.2 percent this year through July.
The new fund will join OP Investment Management's so-called platform, which provides startup managers with office space, infrastructure, and helps with choosing service providers including lawyers and prime brokers.