Australia-based Real Asset Management Group expands Hong Kong operations
Invest Hong Kong (InvestHK) announced today (November 15) that Real Asset Management Group (RAM) has extended its business offerings to retail products and expanded its Hong Kong operations by hiring a new team to structure, manage and distribute its new retail funds.
The Director-General of Investment Promotion for InvestHK, Ms Alpha Lau, said, "I am delighted that RAM has chosen Hong Kong as the destination for its further expansion. RAM's presence here will enrich Hong Kong's offerings for global investors, as it brings expertise and experience in providing investment solutions in credit, real estate, and private equity markets."
She added, "There is strong demand from New CIES (NewCapital Investment Entrant Scheme) investors since the scheme's inception in March this year, providing a strong increase in opportunities for fund firms and asset management companies to expand their business in Hong Kong."
Founder and Executive Chairman of RAM, Mr Scott Wehl, said, "We have a decade-long history in Hong Kong and are excited about the opportunities ahead. This retail product expansion underscores our ongoing commitment to investing in the city, the largest international asset management hub in Asia. It also enhances investment opportunities for our investors."
He added, "To support our expanded business operations, we have strengthened our investment management and distribution teams by adding new talent to better meet the needs of local investors. We will continue to leverage our expertise in credit, real estate, and private equity to develop new investment solutions that cater to both local and international investors."
RAM is an alternative asset manager for institutions and wealthy families globally, and is headquartered in Sydney, Australia. As of the end of October, RAM had a pan-Asia presence with five offices in Sydney, Melbourne, Brisbane, Shanghai, and Hong Kong, and a team of over 170 finance professionals managing more than HK$27 billion in assets.
RAM Investment Advisors Limited was incorporated in Hong Kong in May 2014 as a private company limited by shares. It is regulated by the Securities and Futures Commission of Hong Kong and holds licenses to carry out Type 1 (Dealing in Securities), Type 4 (Advising on Securities), and Type 9 (Asset Management) regulated activities, subject to the applicable licensing condition.
For more information about RAM, please visit ramgroup.com.hk.
To obtain a copy of the photos, please visit www.flickr.com/photos/investhk/albums/72177720321955233.
Australia-based Real Asset Management Group expands Hong Kong operations Source: HKSAR Government Press Releases
Update on dengue fever
The Centre for Health Protection (CHP) of the Department of Health today (November 15) reported the latest number of dengue fever (DF) cases, and strongly urged the public to maintain strict environmental hygiene, mosquito control and personal protective measures both locally and during travel.
From November 8 to yesterday (November 14), the CHP recorded 12 imported DF cases. The patients had been to Guangdong Province (Qingyuan (three cases), Foshan (three cases), Guangzhou (two cases) and Jiangmen (one case)) and Bangladesh (one case), and two patients had been to multiple countries (Maldives and Thailand) during their incubation periods.
As of yesterday, 143 cases of DF, including 139 imported and four local cases, had been recorded in 2024. In 2023, 62 imported cases of DF were recorded.
According to the World Health Organization, the global incidence of DF has markedly increased over the past two decades, posing a substantial public health challenge. In 2023, ongoing transmissions, combined with an unexpected spike in DF cases, had resulted in close to a historic high of over 6.5 million cases, and more than 7 300 dengue-related deaths reported in over 80 countries/territories. Since the beginning of 2024, the Americas, including Brazil, Argentina and Mexico, have recorded about 12 million cases, a record number.
The latest surveillance data shows that there is an increase in DF cases noted in some places in Asia (such as Indonesia, Malaysia and Singapore) compared to the same period last year.
According to the Health Commission of Guangdong Province, the number of DF cases recorded in Guangdong Province in the past three months continued to increase. Most of the cases were locally acquired infection. Information from the Guangdong Provincial Center for Disease Control and Prevention further showed that in the past week from November 4 to 10, more than 1 200 local DF cases were recorded, with the highest numbers of cases recorded in Guangzhou, Foshan, Shenzhen, Zhanjiang and Zhuhai.
In addition, the number of DF cases in Macao has been increasing recently. Since the first local case of this year reported on October 23, nine local cases have been reported in Macao as of yesterday.
Detailed information on the latest DF situation in Hong Kong, as well as neighbouring and overseas countries and areas, has been uploaded to the CHP website (www.chp.gov.hk/files/pdf/df_imported_cases_and_overseas_figures_eng.pdf).
The continued occurrence of DF cases outside Hong Kong, coupled with the frequent travel by residents to and from Guangdong, Hong Kong, Macao and other areas, has resulted in an increased risk of importing DF cases into Hong Kong, posing a risk of local transmission.
"Apart from general measures, travellers returning from areas affected by DF should apply insect repellent for 14 days upon arrival in Hong Kong. If feeling unwell, seek medical advice promptly and provide travel details to a doctor," a spokesman for the CHP said.
The public should take heed of the following advice on mosquito control:
Thoroughly check all gully traps, roof gutters, surface channels and drains to prevent blockage;
Scrub and clean drains and surface channels with an alkaline detergent compound at least once a week to remove any deposited mosquito eggs;
Properly dispose of refuse, such as soft drink cans, empty bottles and boxes, in covered litter containers;
Completely change the water of flowers and plants at least once a week. The use of saucers should be avoided if possible;
Level irregular ground surfaces before the rainy season;
Avoid staying in shrubby areas; and
Take personal protective measures such as wearing light-coloured long-sleeved clothes and trousers, and apply insect repellent containing DEET to clothing or uncovered areas of the body when doing outdoor activities.
DEET-containing insect repellents are effective and the public should take heed of the tips below:
Read the label instructions carefully first;
Apply right before entering an area with risk of mosquito bites;
Apply on exposed skin and clothing;
Use DEET of up to 30 per cent for pregnant women and up to 10 per cent for children*;
Apply sunscreen first, then insect repellent; and
Reapply only when needed and follow the instructions.
* For children who travel to countries or areas where mosquito-borne diseases are endemic or epidemic and where exposure is likely, those aged 2 months or above can use DEET-containing insect repellents with a DEET concentration of up to 30 per cent.
The public should call 1823 in case of mosquito problems and may visit the following pages for more information: the DF page of theCHPand theTravel Health Service, the latestTravel Health News,tips for using insect repellents, and the CHPFacebook PageandYouTube Channel.
