FEG Holdings (01413) announced that following the group's announcements on November 22, 2024, and December 13, 2024, regarding plans to establish a joint venture to support the group's diversified investment portfolio strategy and capture emerging opportunities in the digital asset sector, the company's board of directors has approved a strategic investment framework.
Under this framework, the group will deploy up to HK$4.5 million of its proprietary capital for cryptocurrency investment through its indirect non-wholly owned subsidiary, Tiankun Digital Limited (the joint venture established at that time). This strategy will employ mature, primarily Delta-neutral quantitative approaches, focusing on capital preservation and stable risk-adjusted returns.
The core objective is to achieve uncorrelated alpha returns and diversify the company's investments, leveraging the expertise of professional teams and a robust multi-layered risk management framework. This strategic investment involves only the autonomous investment of the group's funds and does not constitute regulated third-party asset management services, thereby avoiding licensing costs and regulatory complexities.