Fore Elite Capital, the sole virtual asset hedge fund management firm in Hong Kong to secure three regulatory uplifts from the Securities and Futures Commission (SFC), has announced the opening up of its flagship digital asset fund to external investors for the first time, albeit only for selected professional investors.

This pivotal development follows a commendable track record, with the firm distributing dividends 16 times since its inception in 2017. Launched in 2022, the Fore Elite Flagship Fund focuses exclusively on virtual assets and has exhibited remarkable resilience despite tumultuous markets, achieving a cumulative return exceeding 60% from March 2022 to March 2025.

Mr. Ye, CEO of Fore Elite Capital, reflects on his journey that began 16 years ago as an analyst at Fore Research, one of the earliest and most successful hedge funds on Wall Street, founded by Mr. Matthew Li. Mr. Ye humbly noted, “It has never been an easy path, yet our only goal at Fore Elite has always been to excel in one singular domain, distinguishing ourselves from our peers and positioning ourselves at the forefront of the industry. We have strived to be the epitome of our emerging field, working silently but relentlessly in alliance with regulation from day one.”

Fore Elite Capital commenced its journey by applying for a virtual asset management license from the Hong Kong SFC in 2019, receiving formal approval in January 2022. The firm launched its inaugural regulated virtual asset fund shortly thereafter, and in February 2023, achieved a second uplift.

Despite enduring significant market volatility, including the notable collapses of Luna and FTX, Fore Elite has quietly maintained its performance throughout the years, distributing cash dividends to reinforce investor confidence in the virtual asset landscape. With the opening up of its flagship fund, Fore Elite Capital stands poised as a pioneering regulated multi-strategy hedge fund within the growing virtual asset sector.