Thu, Apr 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Yang and Liang join forces to launch macro hedge fund in Asia

Wednesday, March 07, 2012

From Komfie Manalo, Opalesque Asia - Former Huatai Asset Management CIO Yang Yang and veteran derivatives trader Yiming Liang have joined the bandwagon of Asian hedge funds with the launch of Greater China-focused macro hedge fund Goldstream Absolute Return Fund, according to a report by Asian Investor.

Yang and Liang’s move is very timely as Beijing late last month allowed in principle foreign hedge funds to raise capital in the mainland. That is seen by many industry experts as opening a floodgate of opportunities for capital-starved Asian hedge funds to raise money in that country.

The report said that hedge funds wanting to raise capital in mainland China must first register in Shanghai. But those firms must invest only in markets outside the mainland to be allowed the new rule. Shanghai Municipal Office of Finance Service received guidelines from Chinese securities and foreign-exchange regulators that will allow foreign money managers to set up yuan-denominated hedge funds, the report said.

The Goldstream Absolute Return Fund is scheduled to begin trading next month with an initial capital of more than $50m coming from family offices, high-net-worth individuals and funds of funds. The duo appointed Goldman Sachs and B......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner