Asian family offices expand US footprint: Andon Hong Kong opens New York office

Investment firm Andon Hong Kong is opening an office in New York to deepen its push into alternatives.

 

The investment firm is progressively broadening its asset allocation to diversify risk as it targets favorable mid-to-long-term returns, according to its 2024 annual report.

As of the end of 2024, Andon’s private equity holdings made up 11.7 per cent of its portfolio, and hedge funds accounted for 1.6 per cent, according to the report. The majority was held in fixed income, followed by listed equities.

 

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