Sat, Feb 28, 2015
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

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. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  2. Adamas Asset Management and Ping An Insurance to co-manage $500m debt fund[more]

    Komfie Manalo, Opalesque Asia: Hong Kong-based Adamas Asset Management and Ping An Insurance Group, one of China’s largest financial institutions, have finalized a memorandum of und

  3. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  4. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his

  5. Dymon Asia's $3bn macro hedge fund lost 10.45% in January[more]

    From Reuters.com: Dymon Asia's $3.1 billion macro hedge fund lost 10.45 percent in January, performance data seen by Reuters showed, a month where many peers lost heavily after a surprise rise in the Swiss franc. Singapore-based Dymon, set up by Danny Yong, a former founding partner and chie