Sat, Feb 24, 2018
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. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac