Sun, Sep 25, 2016
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. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L