Mon, May 2, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n