AsianInvesterAsianInvesterAsianInvester

“Prudence” fails Hong Kong art hub’s investments

Jame DiBiasio
The West Kowloon Cultural District Authority mismanages its $2.8 billion endowment by doing nothing.
“Prudence” fails Hong Kong art hub’s investments

The Hong Kong endowment fund for a cultural development project, the West Kowloon Cultural District Authority, has squandered its HK$26.1 billion ($2.8 billion) endowment because of excessive risk aversion.

Sign in to read on!
Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?
See here for more information on licences and prices, or contact [email protected]
¬ Haymarket Media Limited. All rights reserved.