Thu, Apr 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

APS Asset Management to expand in China after obtaining QFII license

Tuesday, January 08, 2013

From Precy Dumlao, Opalesque Asia – Singapore-based APS Asset Management announced plans to expand its operations in China after securing a qualified foreign institutional investor (QFII) license. It is one of the nine firms to be awarded licences late last year by the China Securities Regulatory Commission (CSRC).

APS, which name stands for Asian Portfolio Specialist, is a boutique fund management firm that manages $2bn in AuM, spread along five long only products and two long/short products.

A report by AsianInvestor.net said that APS is looking to hire more personnel in China as part of its expansion plan. APS already has offices in Beijing, Shanghai and Shenzhen.

The firm is currently in the process of applying for a QFII quota. It has been managing QFII assets since 2004 but without a quota, often borrowing it from brokers or clients.

Wong Kok Hoi, chief investment officer of APS Asset Management, was quoted by AsianInvestor as saying, "The quota that we obtain will partly be used to replace the brokers’ quota, which has been used primarily for our China A-share fund. We have no plans to launch new products. As we also have investors waiting to subscribe to our fund, we hope to get enough quota to satisfy this demand as well."

He expects major changes in China in the coming years with the ......................

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner