Labuan International Business and Financial Centre Incorporated (Labuan IBFC), the market development agency for Labuan International Business and Financial Centre (Labuan IBFC), has signed a Memorandum of Understanding (MoU) with China Construction BankLabuan (CCBL) to allow CCBL to promote the benefits of Labuan IBFC to Chinese and Chinese related companies.
Union Bancaire Privée’s Singapore branch has received regulatory approval from the Monetary Authority of Singapore (MAS) for a wholesale bank license. UB P Singapore expects to commence operations as a wholesale bank from 1 April 2019.
Four Seasons Asia, a long only and long/short investment house focused on Japan, is to launch a Japan-dedicated UCITS fund.
Hong Kong based Asian specialist multi-strategy manager Zentrum Capital Advisors achieved 32 per cent performance last year, sits in the top decile of Prequin’s global multi-strategy league table and has a Sharpe ratio of 1.4.
Hang Seng Indexes Company has launched three indexes specifically designed for the southbound trading link of the Stock Connect Scheme.
Hong Kong’s first quoted asset manager, Value Partners Group with USD16.4 billion under management, has made its first strategic international move from its Asian roots and opened an office in London, under the command of country head and senior director, Hendrik von Ripperda-Cosyn.
Ali Chughtai, portfolio manager at USD235 million European macro manager WHARD Stewart, believes that the short term has a real possibility of seeing a correction in emerging market (EM) currencies.
London-based Altavista Investment Management has received a USD50 million investment into its new India long-only investment strategy, an adjunct of the long/short Altavista Capital India Fund launched in 2011.
Vik Mehrotra (pictured), CEO and CIO of USD300 million Venus Capital Management, is, along with Narendra Modi, Prime Minister of India, confident that the 21st century belongs to India.
A survey of the alternatives sector conducted by Eurekahedge and AIMA Japan finds that fund managers in Japan now typically allocate up to 10 per cent of their total expenses on regulatory compliance.