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Shanghai Hedge Fund Association launches strategic partnership program

Thursday, September 06, 2012

By Beverly Chandler, Opalesque London:

The recently launched Shanghai Hedge Fund Association (SHFA) has announced an initiative designed to launch a strategic partnership program between foreign and domestic institutions in China.

In an interview with Opalesque, Clark Song, Representative and Managing Director of the Shanghai Hedge Fund Association (SHFA) explained that the strategic partnership program will welcome global fund of fund firms to join as a foreign partner. "In the domestic side we hope big Chinese financial institutions such as insurance companies, mutual funds, securities firms and trust companies could be partners" he said.

Currently the strategic partnership program is designed to offer bilateral agreements between SHFA and its strategic partners, with no plans for an equity or investment swap. "But we will help strategic partners to launch joint ventures to run funds of hedge funds models in mainland China" Song says.

The SHFA launched as a not-for-profit organization dedicated to promoting the industry’s growth in Shanghai and China in June. It was originally the Shanghai Hedge Fund Network, an informal local networking group on alternative investments in the city of Shanghai, the financial hub of China. SHFA represents some of the largest hedge funds in the city and now numbers around 2,000 individual members, 20% of......................

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