Adam Steinberg From Komfie Manalo, Opalesque Asia:
The Hedge Fund Association, an international organization that represents hedge funds, service providers and investors, announced on Tuesday the launch of its chapter in Shanghai, the largest city by population and an important commercial and financial hub in China.
Adam Steinberg, the director of the HFAs China Chapter, said that the local chapter would be
headed by Yiming Di, principal at China-focused consulting firm Schmittzehe and Partner. The Shanghai Chapter was formed to work with the citys alternative investments firms in support of the HFA China Chapters goals of advocating for and educating the public about the Chinese hedge fund industry.
Steinberg commented during the launch, "Chinas hedge fund industry is developing quickly and the HFA is honored to be a bridge between China and the US hedge fund community. The HFAs objective is to encourage education about hedge funds and to contribute to the conversation and development of the hedge fund industry in China.
"As the Chinese financial markets continue to grow in depth and sophistication, hedge funds and other alternatives will become ever more important," said Yiming Di, the Shanghai Chapter director. "Thats why Im so pleased to work with the HFA in Shanghai at this important time in the industrys evolution to help advance transparency and trust in Chinese alternative......................
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