Wed, Apr 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Mutual funds to see greater support from Asian regulators

Monday, June 17, 2013

Bailey McCann, Opalesque New York: In January, Hong Kong securities regulator, the Hong Kong Securities and Futures Commission announced along with the China Security Regulatory Commission (CSRC) that it would consider allowing a mutual fund scheme. Since then, there has been no additional guidance, but market participants are busily looking for ways to provide retail products in the country.

Indeed, at our recent Opalesque Hong Kong Roundtable, Anne Marie Godfrey, Partner, Bingham McCutchen, said, "The proposed move towards mutual recognition of authorized funds between the PRC and Hong Kong is very interesting. I believe this is likely to result in more Hong Kong domiciled funds being established by foreign institutions and authorized by the SFC."

According to a recent client alert from law firm Dechert, the statements are viewed in Hong Kong as an opportunity for Hong Kong-domiciled and SFC authorized funds to reach mainland China.

The attorneys note that within China, the CSRC has also released "Interim Administrative Rules for Securities Investment Fund Sales Institutions’ Business Operations via Third Party e-commerce Platforms (the Interim Rules), allowing third party e......................

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. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. 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

 

banner