Pamalican Asset Management Vacates The Henderson Lease 2 Years Early After Millennium Withdrawal
Updated
Updated · Bloomberg · May 13
Pamalican Asset Management Vacates The Henderson Lease 2 Years Early After Millennium Withdrawal
1 articles · Updated · Bloomberg · May 13
March records show Pamalican Asset Management surrendered its office at The Henderson, one of Hong Kong’s priciest towers, despite a three-year lease that had been due to run until July 2027.
The exit came about a year after Millennium Management withdrew funding from the Hong Kong hedge fund, linking the move to a sharp change in the firm’s backing.
Jamie Goodman, a former Goldman Sachs executive, leads Pamalican, which had once counted Millennium as a supporter.
The move underscores pressure on hedge funds in Hong Kong after capital pullbacks, even at firms that had occupied premium office space.
As Hong Kong's prime offices thrive, why did a hedge fund abandon its lease in the city's most prestigious new tower?
While Hong Kong attracts billions in family office wealth, why is a quantitative hedge fund scaling back its operations so drastically?