DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

K••••• C•••••• P••••••• L••••••

No RAUM reportedCauseway Bay, CRD 308168SEC 801-120699IAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 3, 2021 · 9 filings
SEC status approved since Apr 22, 2021
RAUM
$0
reported, Item 5.F
Discretionary
n/a
of RAUM
Private clients
n/a
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2
0 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$0 as of Mar 30, 2026
Mar 31, 2022$521M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 31, 20220 then
Employees (5.A)2 as of Mar 30, 2026
Mar 31, 202210 then
Private funds1 as of Mar 30, 2026
Mar 31, 20221 then
RAUM -100% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
unknownderivedRAUM over accounts (5.F.2.f)
Discretionary
unknownderivedof RAUM
Institutional
unknownderivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-100%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
fixed feesreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
This filing has no Item 5.D breakdown (filings before 2017 reported ranges, not amounts).
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
0reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
fixedreported
Class basis
private_client_share=0.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      K••••• A••• P•••••• M••••• F•••Hedge Fund$235M55Mar 3, 2021
      Owners and control persons
      Schedule A and B, latest filing
      • K••••••••• R•••••• G••••••• · Chief Investment Officercontrol
        since 04/2019 · owns less than 5%
      • T••• S••• S••••• · Chief Executive Officer, Chief Compliance Officercontrol
        since 04/2019 · owns less than 5%
      • K••••••••• R•••••• G••••••• · Shareholdercontrol
        since 10/2019 · owns 75% or more of B•••• B••• L••••••
      • R••••••••• A••••• · Responsible Officer
        since 09/2019 · owns less than 5%
      Entity owners
      • K••••• C•••••• H••••••• L•••••• · Shareholder
        direct · owns 75% or more
      • B•••• B••• L•••••• · Shareholder
        indirect · owns 75% or more of K••••• C•••••• H••••••• L••••••
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 50 %Change between filings · filing Mar 30, 2026
        RAUM (Item 5.F) moved from $271,278,155 to $0 (-100.0%) between the annual amendments of 2025-03-31 and 2026-03-30; the peer median change was -29.0% (39 comparable advisers, 0.0th percentile of changes)
        peers: other advisers, under $100M (39) · 0.0% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 1 to 0
        Mar 31, 2025 to Mar 30, 2026
      • Advisory employees · 4 to 0
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 1 to 0
        Mar 31, 2025 to Mar 30, 2026
      • Employees · 6 to 2
        Mar 31, 2025 to Mar 30, 2026
      • HQ city · CENTRAL to CAUSEWAY BAY
        Mar 31, 2025 to Mar 30, 2026
      • Discretionary RAUM · $271M to $0
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $271M to $0
        Mar 31, 2025 to Mar 30, 2026
      • RAUM · $271M to $0
        Mar 31, 2025 to Mar 30, 2026
      • Accounts · 7 to 1
        Mar 27, 2024 to Mar 31, 2025
      • Pooled vehicle clients · 7 to 1
        Mar 27, 2024 to Mar 31, 2025
      • Employees · 8 to 6
        Mar 27, 2024 to Mar 31, 2025
      • Financial planning clients · unset to
        Mar 27, 2024 to Mar 31, 2025
      • HQ state · unset to
        Mar 27, 2024 to Mar 31, 2025
      • Discretionary RAUM · $625M to $271M
        Mar 27, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $625M to $271M
        Mar 27, 2024 to Mar 31, 2025
      • RAUM · $625M to $271M
        Mar 27, 2024 to Mar 31, 2025
      • Advisory employees · 8 to 4
        Sep 7, 2023 to Mar 27, 2024
      • Employees · 12 to 8
        Sep 7, 2023 to Mar 27, 2024
      • Discretionary RAUM · $745M to $625M
        Sep 7, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $745M to $625M
        Sep 7, 2023 to Mar 27, 2024
      • RAUM · $745M to $625M
        Sep 7, 2023 to Mar 27, 2024
      • Advisory employees · 7 to 8
        Jul 18, 2022 to Mar 28, 2023
      • Employees · 10 to 12
        Jul 18, 2022 to Mar 28, 2023
      • Discretionary RAUM · $521M to $745M
        Jul 18, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $521M to $745M
        Jul 18, 2022 to Mar 28, 2023
      • RAUM · $521M to $745M
        Jul 18, 2022 to Mar 28, 2023
      • Accounts · 4 to 7
        Mar 17, 2021 to Mar 31, 2022
      • Pooled vehicle clients · 4 to 7
        Mar 17, 2021 to Mar 31, 2022
      • Discretionary RAUM · $161M to $521M
        Mar 17, 2021 to Mar 31, 2022
      • Pooled vehicle RAUM · $161M to $521M
        Mar 17, 2021 to Mar 31, 2022
      • RAUM · $161M to $521M
        Mar 17, 2021 to Mar 31, 2022
      • Organization form · Other (specify) to Limited Liability Company
        Mar 3, 2021 to Mar 17, 2021
      • Private funds · 2 to 1
        Mar 3, 2021 to Mar 17, 2021
      Signals
      5 dated events
      • K••••• C•••••• P••••••• L•••••• reported RAUM $0, down 100% from $271.3M (2025-03-31 to 2026-03-30)
        Mar 30, 2026 · RAUM change · derived
      • K••••• C•••••• P••••••• L•••••• reported RAUM $271.3M, down 57% from $625.4M (2024-03-27 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • K••••• C•••••• P••••••• L•••••• reported RAUM $744.6M, up 43% from $520.7M (2022-07-18 to 2023-03-28)
        Mar 28, 2023 · RAUM change · derived
      • K••••• C•••••• P••••••• L•••••• reported RAUM $520.7M, up 224% from $160.7M (2021-03-17 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • K••••• C•••••• P••••••• L•••••• filed its initial SEC registration (Form ADV)
        Mar 3, 2021 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Principal office phone
      +852 3840 8800reportedpublic record, Form ADV, Mar 30, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      No RAUM reportedderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026