Investment adviser · CRD 172043

HS GROUP (HONG KONG) LIMITED

Exempt reporting adviser (ERA)

Exempt reporting advisers use a shorter Form ADV report. Some adviser-level figures are not reported; fund disclosures appear below when available.

HONG KONG, Hong Kong · Form ADV filed Mar 26, 2026

Adviser-level assets, account counts and staffing figures are unavailable in this filing. View the reported fund disclosures below →

Private funds & service providers

4 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

HS GROUP MASTER FUND IIOther Private Fund · Last reported Mar 26, 2026$1.35BGross asset value

Feeder funds

Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LTD CAMANA BAY, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands
Custodian CITCO CUSTODY LIMITED VALLETTA, Malta Related to adviser: No
Marketer THOMAS CAPITAL GROUP, INC. GIG HARBOR, Washington, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG LTD.
PCAOB 1655

THOMAS CAPITAL GROUP, INC.
CRD 45180 · SEC 8-50986

Fund details & source
Fund ID
805-1530926448
Reported beneficial owners
165
Minimum commitment
$5M
Form D file number
021-299666
Form D file number
021-299779

Form ADV 2059638 · Mar 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HS GROUP MASTER FUND IIIOther Private Fund · Last reported Mar 26, 2026$567MGross asset value

Feeder funds

Fund administrator MUFG FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands
Custodian MUFG ALTERNATIVE FUND SERVICES (CAYMAN) LIMITED GRAND CAYMAN, Cayman Islands Related to adviser: No
Marketer THOMAS CAPITAL GROUP, INC. GIG HARBOR, Washington, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes

ERNST & YOUNG LTD.
PCAOB 1655

THOMAS CAPITAL GROUP, INC.
CRD 45180 · SEC 8-50986

Fund details & source
Fund ID
805-3197367419
Reported beneficial owners
104
Minimum commitment
$1M
Form D file number
021-527726

Form ADV 2059638 · Mar 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HS GROUP MASTER FUND LTD.Other Private Fund · Last reported Mar 26, 2026$72.1MGross asset value

Feeder funds

  • HS GROUP SPONSOR FUND LTD.
Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LTD CAMANA BAY, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands
Custodian CITCO CUSTODY LIMITED VALLETTA, Malta Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LTD.
PCAOB 1655

Fund details & source
Fund ID
805-7755756942
Reported beneficial owners
165
Minimum commitment
$1M
Form D file number
021-1621660
Form D file number
021-1621661

Form ADV 2059638 · Mar 26, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

HS ASIA ALPHA MASTER FUNDOther Private Fund · Last reported Mar 28, 2024$64.1MGross asset value

Feeder funds

  • HS ASIA ALPHA FUND
  • HS ASIA ALPHA FUND US LP
Fund administrator CITCO FUND ADMINISTRATION (CAYMAN ISLANDS) LTD CAMANA BAY, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands
Custodian CITCO CUSTODY LIMITED VALLETTA, Malta Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LTD.
PCAOB 1655

Fund details & source
Fund ID
805-6031984591
Reported beneficial owners
36
Minimum commitment
$5M
Form D file number
021-377625

Form ADV 1855106 · Mar 28, 2024 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 26, 2026. View historical filings

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

SUITE 3302, TWO EXCHANGE SQUARE, 8 CONNAUGHT PLACE, CENTRAL
HONG KONG, Hong Kong

CRD 172043

Filing source

Form ADV 2059638 · Mar 26, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.