ChainCatcher news, according to the Hong Kong Economic Journal, the Hong Kong Securities and Futures Commission has approved the second uplift of the flagship fund (Flagship Fund SP) of Frontier Capital Management Limited. This flagship fund is the only cryptocurrency hedge fund under the current Hong Kong licensing system that employs a multi-strategy approach and has achieved positive returns. It not only invests in a wide range of assets, trading the top 100 cryptocurrencies by liquidity, but also utilizes leverage and trades crypto financial derivatives.It is reported that Frontier Capital is the fourth virtual asset management company approved by the Hong Kong Securities and Futures Commission. Its flagship fund, ForeElite Flagship Fund, was established in March 2022, ranking in the top three for returns in 2022, achieving approximately 9.2% positive net return, and still distributed about HKD 70 million in dividends to shareholders by the end of 2022. (source link)