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Weekly Asia News (Friday)

Weekly Asia News (Friday)
Hans Schlaikier, Hedgeweek

Blackstone backed Asia fund returns 15 per cent YTD… Indian equities boost Asian funds…

Fri, 21/11/2014 - 10:13

Senrigan Capital Group Ltd, the Asia event-driven hedge fund backed by Blackstone Group LP, returned 15 per cent in the first 10 months of this year, reports Bloomberg. »

Two hands shaking

Chi-X Australia appoints new head of market operations

Mon, 17/11/2014 - 10:07

Chi-X Australia has appointed Peter Warton as Head of Market Operations. Warton joins from Tibra, where he served as Global Head of IT Operations.  »

China flag

HSBC to support institutional investors with one-stop solution to access China’s domestic equity market

Fri, 14/11/2014 - 16:49

HSBC’s Custody Plus platform provides investors with an integrated execution, custody and clearing and foreign exchange platform that removes the need to pre-deliver securities before the execution of sell orders on the Shanghai Stock Exchange.  »

Hans Schlaikier, Hedgeweek

Hedge funds weather October volatility… Asian macro funds outperform US peers…

Thu, 13/11/2014 - 19:41

October wasn’t that bad a month for hedge funds after all, says a new prime brokerage report from Morgan Stanley. »

Asia Pacific

AxiomSL appoints Raymond Tse as APAC CFO and COO

Thu, 13/11/2014 - 10:00

Regulatory reporting and risk management solutions provider AxiomSL has appointed Raymond Tse as APAC chief financial officer and chief operating officer. »

Two people shaking hands by a window

Yuanta Securities go live on Calastone network

Tue, 11/11/2014 - 16:56

Taiwanese distributor, Yuanta Securities has become the first securities firm in Taiwan to adopt automation by going live on the Calastone global transaction network. »

Hans Schlaikier. Hedgeweek

Bright outlook for India-focused hedge funds… Alibaba co-founder to back Pinyin Capital Management…

Thu, 06/11/2014 - 19:02

India-focused hedge funds could be poised for their best performance in five years, with strong returns and inflows, according to the latest data from Eurekahedge. »

South East Asia

Jersey Finance ramps up Asia activity by launching inaugural Roadshow series

Wed, 05/11/2014 - 11:32

Jersey Finance has embarked on a ramped-up programme of activity in Asia this autumn, including launching an inaugural series of Roadshow events in key markets across the Far and Middle East. »

South Korea

Neuberger Berman partners with Samsung to expand offerings in Korea

Tue, 04/11/2014 - 11:21

Neuberger Berman Group has partnered with Samsung Securities Co and its affiliate Samsung Asset Management Co to offer an enhanced suite of Neuberger Berman investment products in the Republic of Korea. »

Handshake and money

AMG completes investment in Veritas Asset Management

Tue, 04/11/2014 - 06:00

Affiliated Managers Group has completed its investment in Veritas Asset Management. »

Hong Kong

Evercore Private Funds Group strengthens Asia Pacific presence

Mon, 03/11/2014 - 16:00

Evercore’s Private Funds Group has made two new hires in its Hong Kong office, expanding the team’s current activities in the Asia Pacific region. »

Hans Schlaikier, Hedgeweek

Hedge funds record net outflows in September… American institutions lose faith in hedge funds…

Thu, 30/10/2014 - 15:45

Hedge funds recorded net outflows of USD9.5 billion as long/short equities, event-driven, and macro funds strategies reported the largest outflows, Eurekahedge’s preliminary data for September 2014 reveals. However, year-to-date, hedge funds are up 3.82 per cent, witnessing net inflows of USD60.7 billion in 2014. »

Down arrow

Investor confidence down in October, says State Street

Wed, 29/10/2014 - 12:00

The State Street Investor Confidence Index (ICI) dropped to 115.1 in October, down 8.8 points from September’s revised reading of 123.9. »

IPO

BNY Mellon named depositary by MOL Global for US IPO

Wed, 29/10/2014 - 10:03

BNY Mellon has been appointed by MOL Global as depositary bank for its American depositary receipt (ADR) programme, the first exchange-listed ADR programme from Malaysia. »

Renminbi

HSBC provides asset services to Korea’s first RQFII investor

Fri, 24/10/2014 - 12:00

HSBC is providing asset services to Shinhan BNP Paribas Asset Management, the first Korean institutional investor to receive a licence via the Renminbi Foreign Institutional Investor (RQFII) scheme. »

Hong Kong

SIX Financial Information services Hong Kong investors with SFC authorised investment products data

Thu, 23/10/2014 - 14:30

SIX Financial Information is expanding its regulatory coverage to include the Securities and Futures Commission (SFC) authorised products for Hong Kong clients. »

Hans Schlaikier, Hedgeweek

Asia ex-Japan funds outperform year-to-date… Asian Sovereign Wealth & Pension funds looking increasingly at alternatives…

Thu, 23/10/2014 - 14:14

Asia ex-Japan hedge funds lead global peers with year-to-date returns of 6.66 per cent, due in large part to a 25.79 per cent rise in Indian equities since the start of the year, according to the latest data released by hedge fund research firm Eurekahedge. »

Document signing

HKEx Group and China Merchants Group sign MOU

Thu, 23/10/2014 - 14:00

Hong Kong Exchanges and Clearing (HKEx) and China Merchants Group (CMG) have signed a memorandum of understanding (MOU) for a strategic alliance in product development and related services. »

Handshake

Loomis Sayles appoints director, institutional services in Asia

Wed, 22/10/2014 - 16:01

Loomis Sayles Investments Asia has appointed Michael Chang as director of institutional services, Asia. »

Handshake and money

JTC Group invests in Asian alliance partner Kensington Trust Group

Tue, 21/10/2014 - 14:03

JTC Group has made an investment in Kensington Trust Group (KTG), enhancing the alliance between the two companies which commenced in early 2013.  »

Joined hands

ICI Global praises Stock Connect agreement

Mon, 20/10/2014 - 14:03

Qiumei Yang, chief executive of ICI Global Asia Pacific, has welcomed the new memorandum of understanding (MOU) between the China Securities Regulatory Commission (CSRC) and the Securities and Futures Commission (SFC) regarding a Shanghai–Hong Kong Stock Connect pilot programme. »

Hans Schlaikier, Hedgeweek

Hedge funds see USD18bn outflow in Q3 despite steady returns… India’s SEBI confirms ban on HK’s Factorial Capital Management…

Fri, 17/10/2014 - 09:30

Hedge funds outperformed underlying markets in September with the Eurekahedge Hedge Fund Index returning a flat 0 per cent while the MSCI World Index finished the month down 1.86 per cent. On a year-to-date basis, hedge funds are up 3.87 per cent, falling just slightly behind underlying markets as the MSCI World Index returned 3.99 per cent over the same period. »

Hans Schlaikier, Hedgeweek

HFRX global hedge fund index falls in September… KKR backs former York Capital CEO’s new fund…

Thu, 09/10/2014 - 16:13

Global financial markets ended the 3rd quarter with declines as the US Dollar surged in the month of September, driven by a combination of weak European economic data, social unrest in Hong Kong and increased geopolitical tension in the Middle East. »

Newspaper and money

RBC GAM launches RBC Funds (Lux) - Asia Ex-Japan Fund

Thu, 02/10/2014 - 14:03

RBC Global Asset Management (RBC GAM) has added the RBC Funds (Lux) - Asia Ex-Japan Fund to its Luxembourg-domiciled SICAV range. »

China flag

More asset managers are likely to apply for RQFII licenses, says Cerulli

Tue, 30/09/2014 - 06:00

Institutional investors remain underweight in China assets and are looking to increase their exposure to the mainland, according to Cerulli Associates. »

Hong Kong

Two additional partners to join Akin Gump in Hong Kong

Mon, 29/09/2014 - 16:02

F Mark Fucci and Anne-Marie Godfrey are to join law firm Akin Gump’s Hong Kong office. »

Renminbi

BOCHK and Citi launch Renminbi high yield bond UCITS fund


Fri, 26/09/2014 - 14:05

Bank of China (Hong Kong) Asset Management (BOCHK AM) and Citigroup Global Markets have jointly launched the BOCHK RMB High Yield Bond Fund. »

Dubai

eVestment opens Dubai office

Fri, 26/09/2014 - 06:00

eVestment has opened its newest office in Dubai, its first office in the Middle East. »

Hans Schlaikier, Hedgeweek

Hedge funds and investors look forward to the China Exchange Link… Hedge funds surpass 2007 leverage…

Thu, 25/09/2014 - 15:34

Hedge funds may drive initial demand for Shanghai-listed stocks through a linkage of the city’s bourse with that in Hong Kong, according to Goldman Sachs, reports Bloomberg. »

ASEAN map

AEC 2015 to further boost bullish ASEAN markets, says Barings

Thu, 25/09/2014 - 11:46

The roll-out of the ASEAN Economic Community (AEC) in 2015 will boost economic activity across the ASEAN region and support already strong growth in markets such as Indonesia, Vietnam and the Philippines.  »

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Hedgeweek Special Report: Prime Brokerage 2015

Read how prime brokers of all shapes and sizes are becoming both operational and balance sheet-efficient, and broadening out their product suites for hedge fund managers... »

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Lyxor Asset Management - Why trend-following strategies are back on track

This Hedgeweek Special Report explains not only why managed futures should be reconsidered by investors, but also how a more effective risk allocation strategy can benefit investor portfolios in both correlated and non-correlated markets... »

Article
Christopher ELvin, Preqin

977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:  ... »

Special report
Cayman Islands Hedge Fund Services 2014

Cayman Islands Hedge Fund Services 2014

Fri, 19/12/2014 - 10:24

With service providers reporting growth in hybrid funds, funds for single investors and bespoke managed accounts, this report examines the regulations and new services being developed in Cayman to tackle the fast-changing offshore funds market... »

Article
Up arrow

Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months: ... »

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