Galaxy Asset Management (H.K.), a Hong Kong-based hedge fund, is actively considering using equity-linked notes for the first time. "It's another way to use options," said an official at the firm, noting that such notes would give it leveraged exposure. He continued that Galaxy regularly trades listed futures and options and occasionally uses over-the-counter derivatives.
The official continued that he is now considering using equity-linked notes based on Hong Kong companies as another avenue of investing in domestic names. He declined to comment further or detail the size of assets under management for the three-year old operation.
