Hong Kong-based Fore Elite Capital, a licensed virtual asset hedge fund management firm, has reported exceeding its initial fundraising targets for its flagship fund. The company’s announcement comes after it officially opened the fund for investment on May 1, 2025. Foresight News reports that within just one month of operation, the company anticipates seeing a 20% increase in assets under management (AUM). The primary source of these inflows has been established financial institutions like local private banks, fund of funds, and family offices, which have traditionally played a key role in the financial landscape. Fore Elite Capital expressed satisfaction with their fundraising progress exceeding expectations.