Sat, May 23, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Global Prime Partners seeks to support emerging Asian hedge fund managers

Thursday, July 25, 2013

Beverly Chandler, Opalesque London for New Managers:

Global Prime Partners, the global prime brokerage boutique which specializes in supporting emerging managers, has expanded its service capabilities into the Asian markets region with the recent hire of ex-hedge fund and family office manager Rupert Street. In an interview with Opalesque, Street explained that he had used GPP’s services in the past and so had seen the advantages of a specialist mini prime broker from the outside.

While based in Hong Kong, Street has been travelling extensively through Asia researching the hedge fund industry and in particular emerging managers in the region. "Sub-$150m there is no prime brokerage service" Street says, observing that many of the tier one prime brokers are actually looking to cull smaller and less profitable funds.

In his research process, Street has found the Asian hedge fund industry somewhat depressed and cautious. "Asia seems to have a massive divide between really good performers and big funds with decent assets under management who are able to dominate the sector but I notice that in the smaller sector thereseems to be little support for emerging managers or funds that are starting up."

The regulatory requirements of even registering a fund in Hong Kong dictate that a new manager has to have at least $1m to start with. "When you are leaving a bank or your old fund group......................

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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. New market regime has created more dispersion between managers[more]

    Komfie Manalo, Opalesque Asia: The month of April has marked the transition toward a new market regime, Philippe Ferreira, Lyxor AM’s head of research, managed account platform, commented in the May 5's Weekly Briefing. "The first quart

 

banner