Ayaltis, a Swiss fund of hedge fund boutique, is moving Zurich-based senior investment research and portfolio manager Hao Shao to Hong Kong to open a family office, media reports have said.

Since July 2017, he has been general manager based in greater China, according to Shao's Linkedin profile. Reports say the new firm will focus on hedge fund investments in Asia and China in particular. 

The move aims meet the demand of Chinese families for unbiased advice, as well as to build on the firm's operations in Hong Kong.

The firm was founded in 2008, at the peak of the financial crash.