Fri, Oct 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hong Kong domiciled hedge funds are changing tack to meet regulatory requirements

Thursday, December 20, 2012

From Precy Dumlao, Opalesque Asia – The majority of hedge funds available in Hong Kong are shifting gears towards UCITS and domiciled either in Ireland of Luxembourg, reported Asia Asset. More often, these funds are tailored to meet the disclosure requirements in the former British colony.

But Hong Kong domiciled funds enjoy some advantage because they avoid the hassle of going back to their "mother units" to seek approval of any amendments. A locally-domiciled platform enjoys wider opportunity to meet Hong Kong’s standards in disclosure requirements and other regulations.

More importantly, locally-domiciled hedge funds provide more opportunities for its product issuers, the report added.

A clear advantage for local issuers is the new rule imposed by Hong Kong market regulator that requires an Approved Pooled Investment Fund for sale to MPF (mandatory provident fund) local retirement schemes to be Hong Kong domiciled.

Also, a big number of fund houses are setting up shop and registering their Hong Kong domiciled funds to take advantage of a new rule that makes real estate properties no longer eligible investments for the Immigration Department's Capital Investment Schemes, the report added.

According to Asia Asset, Hong Kong's Financial Services Treasury Bureau suggested a mutual recognition with the China Securities Regulatory Commission that will push for Hong Kong domicil......................

To view our full article Click here

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t