Sun, May 19, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Alternative Market Briefing

Asia – Asian hedge funds lag in insurance protection, Citigroup says, AIMA plans China chapter as country allows hedge funds

Thursday, January 10, 2013

Asian hedge funds lag in insurance protection, Citigroup says From Bloomberg.com: Asian hedge fund managers’ insurance protection against legal claims for professional wrongdoings lags peers in the U.S. and Europe, according to Citigroup Inc. Sixty-four percent of 47 managers that run Asia-focused funds in Hong Kong, Shanghai, Singapore, Australia and the U.S. own policies including directors’ and officers’ liability, and professional indemnity, according to a survey by Citigroup. That compared with more than 80 percent of European hedge funds in a similar survey last year by Baronsmead Partners LLP.

Asian hedge funds are seeking better insurance protection after the 2008 financial crisis unleashed a rush of legal claims globally and in response to demand from their professional fund directors and investors. Harbinger Capital Partners LLC and Tiger Asia Management LLC were among hedge funds slapped with regulator lawsuits for wrongful acts after 2008… Full article: Source

AIMA plans China chapter as country allows hedge funds From Bloomberg.com: The Alternative Investment Management Association, the global industry advocacy group, plans to start a China chapter this year as the country opens up to hedge funds previously shunned as speculators. Work on the China chapter began in the third quarter and AIMA hopes......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Goldman offers hedge funds to the 99%[more]

    From TheStreet.com: Goldman Sachs said Thursday it is bringing the sophisticated trading strategies of Wall Street hedge funds to individual investors with investment portfolio's and retirement accounts as small as $1000. The bank's investment management unit, Goldman Sachs Asset Management, i

  2. Opalesque Exclusive: New research examines quantitative trend following as an equity risk hedge[more]

    Bailey McCann, Opalesque New York: New research from Nigol Koulajian founder and CIO, and Paul Czkwianianc, Head of Research at Quest Partners, a New York-based systematic fund, looks at how quantitative trend following could be used

  3. People – Jupiter switches lead manager on alternative UCITS fund, Dr. Dermot F Smurfit appointed as Chairman of the ML Capital Group[more]

    Jupiter switches lead manager on alternative UCITS fund From Citywire.co.uk: Jupiter has named Mike Buhl-Nielsen as lead manager on its Europe-focused long/short equity fund, the asset management company has announced… Full article:

  4. Launches – Blackstone preparing launch of ‘super’ hedge fund, Paulson said to team with insurer for new low-tax merger fund[more]

    Blackstone preparing launch of ‘super’ hedge fund From FT.com: Blackstone is preparing to launch a “super” hedge fund to cherry-pick the best trades from the hundreds of third-party hedge funds it invests with, in an effort to try to recapture the outsize returns the $2tn industry was on

  5. Expertise on investing in entertainment backed assets: The entertainment sector is perceived to have higher risk because of the many “unknowns” on how profits are generated. The industry has always looked at profit from a pre and post tax standpoint which by its nature makes the financing risks more unclear for an outsider. Furthermore, some of the perc