According to sources, three more global hedge funds are expanding to Hong Kong, including the US multi-strategy firm Hudson Bay Capital Management LP, the UK credit asset management company Sona Asset Management, and Centiva Capital LP from New York. Government records show that Hudson Bay, which manages approximately $20 billion in assets, established a company in Hong Kong in October. So far, the company's recruits in Hong Kong include Jack Truong, who led Segantii Capital Management Ltd.'s Asia business development team, and Dong Yinfei, who previously worked as a convertible bond trader at Segantii. Hudson Bay has been considering setting up an office in Hong Kong for years, and the recruitment activities indicate that preparations for establishing its 7th global and first Asian office in Hong Kong are progressing rapidly. Sona, which manages $10.1 billion in assets, mainly deals with European public and private credit. According to market sources, the company established a company in Hong Kong in August. Sources say the company is considering transferring employees to Hong Kong and hiring new staff. Sona currently operates in London and New York. Centiva Capital, which expanded its business to Singapore three years ago, recently obtained a regulatory license to set up an office in Hong Kong at the end of November, according to information on the Hong Kong Securities and Futures Commission website. Sources revealed that employees such as Asia Head Matthew Haudenschield and equity capital markets trader Piers Cassidy have been transferred to Hong Kong.