Fri, Nov 28, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

China to license foreign shops to expand hedge fund industry

Monday, January 07, 2013

amb
Hubert Tse
From Precy Dumlao, Opalesque Asia The Chinese government continues to embrace the expansion of its local hedge fund industry.

Hubert Tse, a partner at the Shanghai-based law firm Boss & Young, announced that the Shanghai Municipal Financial Service Office is expected to launch the qualified domestic limited partner (QDLP) pilot program in the next few months and issue its first license.

This is good news for hedge fund managers as Chinas regulators are soon to allow foreign hedge funds to set up shop in Shanghai, Chinas second largest city.

The first to take a dip into these QDLP is Indus Capital Partners, which was spun out of legendary hedge fund manager George Soros firm more than a decade ago, and has been eyeing the Chinese market for some time.

Indus, which runs long-short strategies, said it would apply to the QDLP program early this year which allows non-Chinese hedge funds to establish marketing offices in Shanghai and solicit assets from assets from its institutional and high-net-worth investors. QDLP also allows foreign asset managers to set up wholly owned subsidiaries in China to raise RMB (renminbi) funds through private placement for investment in international capital markets.

Brian Guzman, general counsel and partner at Indus, said they hope that Chinese regulators look at th......................

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. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. CTAs , event-driven strategies lead hedge funds recovery in mid-November[more]

    Komfie Manalo, Opalesque Asia: November’s performance proves to be in sharp contrast to the previous month, with equities further consolidating their upswing last week, according to the latest Lyxor Asset Management’s Weekly Brief. CTA funds als

  4. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  5. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed