FEG Holdings (01413): Plans to Invest Up to HK$4.5 Million in Cryptocurrency

Stock News
Yesterday

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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