{
  "crd_number": 160593,
  "slug": "keywise-capital-management-hk-limited-hong-kong-160593",
  "primary_business_name": "KEYWISE CAPITAL MANAGEMENT (HK) LIMITED",
  "legal_name": "KEYWISE CAPITAL MANAGEMENT (HK) LIMITED",
  "dbas": [],
  "city": "Hong Kong",
  "state": null,
  "country": "Hong Kong",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-06-25",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 2886359700.0,
  "raum_discretionary": 2886359700.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 18,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 126027365.0,
      "count": 9
    },
    "corporations_other_businesses": {
      "raum": 3818343.0,
      "count": 1,
      "fewer_than_5": true
    },
    "sovereign_wealth_foreign_official": {
      "raum": 2756513992.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://keywisecapital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160593",
  "city_as_filed": "HONG KONG",
  "url": "https://advisorcensus.com/firm/keywise-capital-management-hk-limited-hong-kong-160593",
  "display_name": "Keywise Capital Management (HK) Limited",
  "summary": "Keywise Capital Management (HK) Limited is an SEC-registered investment advisory firm in Hong Kong, Hong Kong, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. Keywise Capital Management (HK) Limited (CRD 160593): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Keywise Capital Management (HK) Limited compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Keywise Capital Management (HK) Limited reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Keywise Capital Management (HK) Limited charge?",
      "a": "Its Form ADV Part 2A brochure dated March 25, 2026 states: Asset-based fee: 1.5% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Keywise Capital Management (HK) Limited located?",
      "a": "Keywise Capital Management (HK) Limited's principal office is in Hong Kong, Hong Kong, according to its Form ADV."
    },
    {
      "q": "Is Keywise Capital Management (HK) Limited registered with the SEC or a state?",
      "a": "Keywise Capital Management (HK) Limited is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160593."
    },
    {
      "q": "How much does Keywise Capital Management (HK) Limited manage?",
      "a": "Keywise Capital Management (HK) Limited reports $2,886,359,700 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary)."
    },
    {
      "q": "How have Keywise Capital Management (HK) Limited's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Keywise Capital Management (HK) Limited: Regulatory assets under management: $1,888,971,729 in the October 2021 data and $2,886,359,700 in the October 2026 data, up 53%. Total employees: 17 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Keywise Capital Management (HK) Limited serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); sovereign wealth funds and foreign official institutions (1); corporations or other businesses not listed above (1)."
    },
    {
      "q": "Which custodians does Keywise Capital Management (HK) Limited use?",
      "a": "Keywise Capital Management (HK) Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citi as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Keywise Capital Management (HK) Limited report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160593"
    },
    {
      "q": "What changed in Keywise Capital Management (HK) Limited's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $2,047,043,642 to $2,886,359,700 (+41%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1888971729.0,
      "total_employees": 17,
      "filing_date": "2021-03-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 1366900267.0,
      "total_employees": 20,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1207043601.0,
      "total_employees": 20,
      "filing_date": "2023-04-12"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1431811994.0,
      "total_employees": 17,
      "filing_date": "2024-03-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 2047043642.0,
      "total_employees": 17,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2886359700.0,
      "total_employees": 18,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $2,047,043,642 to $2,886,359,700 (+41%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 25, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "1.5% to 2% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1.5% to 2% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "The Funds pay the Manager annual management fees at rates ranging from 1.5% to 2% per annum."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        1.5,
        2.0
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The Funds pay the Manager annual management fees at rates ranging from 1.5% to 2% per annum."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Citi",
      "name_as_filed": "CITI",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/keywise-capital-management-hk-limited-hong-kong-160593.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 126027365.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 1,
      "fewer_than_5": true,
      "raum": 2756513992.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 3818343.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160593",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}