Sat, May 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Many Chinese onshore hedge funds look to set up offshore presence in Hong Kong

Monday, January 14, 2013

From Precy Dumlao, Opalesque Asia – Hedge fund managers from the Chinese mainland are looking to diversify their operations into Hong Kong, AsianInvestor.net reports, citing sources from South African firm Skybound Capital.

The firm’s China Red fund of hedge funds (FoHF) invests in mainland-focused hedge funds strictly through offshore managers, who typically have an office in Hong Kong. The FoHF runs $20m in AuM and returned 6% in 2012, says AsianInvestor. About a year ago, China Red was merged with another of Skybound’s FoHF, the Dragonfly Asia Pacific Fund, which has a regional focus.

"Frankly our investors are more interested in the China story," Theodore Shou, Skybound’s Hong Kong-based CIO, was quoted as saying. "Most of the investors that were invested in the Dragonfly fund also had a position in the China Red Fund." The $300m firm’s Hong Kong office was set up in late 2011. Skybound also has offices in Cape Town and London.

The Eurekahedge Asia Hedge Fund index returned 9.69% (est.) in 2012, whereas the Greater China index gained 13.17% (est.); the fixed income part of the index was up 20.83%, the long/short equity index up 12.99% and the multi-strategy index up 7.61%. That’s compared to the Eurekahedge Hed......................

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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit