AdvisorCensus / Financial advisors / Red Cliff Asset Management Limited
Red Cliff Asset Management Limited
Filed as RED CLIFF ASSET MANAGEMENT LIMITED
Red Cliff Asset Management Limited is an SEC-registered investment advisory firm in Hong Kong, Hong Kong, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated April 9, 2026.
Quick answers
From the filingHow is Red Cliff Asset Management Limited compensated?
On its Form ADV (Item 5.E, October 2026), Red Cliff Asset Management Limited reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Red Cliff Asset Management Limited located?
Red Cliff Asset Management Limited's principal office is in Hong Kong, Hong Kong, according to its Form ADV.
Is Red Cliff Asset Management Limited registered with the SEC or a state?
Red Cliff Asset Management Limited is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 169318.
How much does Red Cliff Asset Management Limited manage?
Red Cliff Asset Management Limited reports $1,545,172,243 in regulatory assets under management in its Form ADV filing dated April 9, 2026 (100% discretionary).
How have Red Cliff Asset Management Limited's assets and staff changed since 2021?
In the Form ADV data for Red Cliff Asset Management Limited: Regulatory assets under management: $5,007,269,090 in the October 2021 data and $1,545,172,243 in the October 2026 data, down 69%. Total employees: 45 in October 2021 and 33 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Red Cliff Asset Management Limited serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2); other (1).
Which custodians does Red Cliff Asset Management Limited use?
Red Cliff Asset Management Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley & Co. International PLC as a custodian holding 10% or more of its separately managed account assets.
Does Red Cliff Asset Management Limited report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/169318
Does Red Cliff Asset Management Limited state an account minimum?
Its Form ADV Part 2A brochure dated March 31, 2026 says: "As related to the Funds, there is an initial minimum capital contribution requirement of US$ 1,000,000." "We generally do not require the Funds to maintain a minimum investment to continue an advisory relationship, but we do reserve the right to terminate an account based on its size if the account has decreased because of substantial investor withdrawals."
What changed in Red Cliff Asset Management Limited's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 17 to 13. Regulatory assets under management went from $2,206,762,101 to $1,545,172,243 (-30%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $1,000,000
The brochure's wording
As related to the Funds, there is an initial minimum capital contribution requirement of US$ 1,000,000.
We generally do not require the Funds to maintain a minimum investment to continue an advisory relationship, but we do reserve the right to terminate an account based on its size if the account has decreased because of substantial investor withdrawals.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,545,172,243 as of October 2026, filing dated April 9, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2015 (11 years)
- Employees
- Total: 33. Performing investment advisory functions: 13.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,545,172,243 | 33 | April 9, 2026 |
| October 2025 | $2,206,762,101 | 41 | March 31, 2025 |
| October 2024 | $1,959,652,267 | 43 | April 2, 2024 |
| October 2023 | $2,729,665,561 | 44 | March 31, 2023 |
| October 2022 | $2,137,505,718 | 42 | March 31, 2022 |
| October 2021 | $5,007,269,090 | 45 | April 8, 2021 |
Regulatory assets under management: $5,007,269,090 in the October 2021 data and $1,545,172,243 in the October 2026 data, down 69%.
Total employees: 45 in October 2021 and 33 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 17 to 13.
- Regulatory assets under management went from $2,206,762,101 to $1,545,172,243 (-30%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Red Cliff Asset Management Limited (CRD 169318): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/red-cliff-asset-management-limited-hong-kong-169318