Sat, Jan 31, 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. Opalesque Exclusive: Ex-Citi trader launches 'sleep-at-night’ long/short equity fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: After working at Citi's proprietary trading desk, managing a large portfolio between 2008 and 2011, Joel S. Salomon founded SalaurMor Management in New Yor

  2. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  3. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  4. Update: Prosecutors seek 12 years for hedge fund manager Francisco Illarramendi[more]

    Komfie Manalo, Opalesque Asia: Federal prosecutors have asked the court to sentence convicted hedge fund manager Francisco Illarramendi to 12 years imprisonment for running an elaborate Ponzi scheme that bilked investors hundreds of millions in dollars, including a Venezuelan pension fund, report

  5. Institutions - Ontario pension fund leader calls all asset classes ‘expensive’, Taiwan's BLF plans $2bn in alternative mandates[more]

    Ontario pension fund leader calls all asset classes ‘expensive’ From WSJ.com: The head of one of the world’s largest pension funds said that across asset classes, “everything is expensive.” Ron Mock, who leads Canada’s $141 billion Ontario Teachers’ Pension Plan, said that the plan would