Fore Elite Capital, which is Hong Kong’s only crypto hedge fund management firm to secure three regulatory uplifts from the Securities and Futures Commission (SFC), has announced the opening of its flagship crypto fund to external investors for the first time.
According to the official statement, the access for crypto funds will be granted exclusively to selected professional investors.
The firm’s regulatory journey began in 2019 with its application for a crypto asset management license. It received formal approval from the SFC in January 2022, launched its first regulated fund shortly thereafter, and achieved a second regulatory uplift in February 2023. A third regulatory uplift followed, which helped the firm position itself as a key player in the regulated crypto market.
The Fore Elite Flagship Fund has shown successful metrics in spite of the volatile market environment. From March 2022 to March 2025, the fund has delivered a cumulative return of over 60%, amid major collapses of Luna and FTX. Since its inception in 2017, Fore Elite Capital has distributed dividends 16 times, underscoring its commitment to investor returns and confidence.
“This has never been an easy path,” said Mr. Ye, CEO of Fore Elite Capital, who began his career 16 years ago as an analyst at Fore Research, one of Wall Street’s pioneering hedge funds founded by Matthew Li. “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.”
With several exchanges in Hong Kong striving to establish themselves in the virtual asset space, the SFC recently unveiled a new cryptocurrency roadmap aimed at shaping the future of virtual assets in the region. Apart from Fore Elite Capital, Liquidity Tech Limited (LTP HK), the Hong Kong subsidiary of institutional prime brokerage LTP, has also recently secured licenses to conduct dealing in securities and futures contracts, as well as to advise on securities and futures and engage in asset management.
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