Sat, Sep 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asian hedge funds receive fresh funds from Chinese investors

Tuesday, November 26, 2013

Komfie Manalo, Opalesque Asia:

Asian hedge fund managers received a much needed shot in the arm after Chinese investors poured large sums of money into them, breaking a long tradition of dependence from U.S. and European investors.

According to a Reuters report, the new trend could change the landscape of the Asian hedge funds industry and also mark a significant shift in Chinese investors attitude towards offshore investments.

Industry sources told Reuters that they are seeing a significant shift of China’s money flow. This year alone, at least half a dozen Hong Kong-based hedge funds, most of which invest in Greater China, received an estimated $500m from Chinese investors from the mainland.

The report cited Zhang Lei, founder of Asia's biggest hedge fund Hillhouse Capital, as one of the investors, as well as members of China's wealthy elite, Chinese private equity firms and gold producer Zijin Mining Group.

An earlier report by The Journal said that several large overseas investors are bullish towards Asian hedge funds. The report said that deep-pocketed pension and endowment funds—many from the U.S.—are coming to Asia in droves, ready to put cash in the region's hedge funds as the industry rounds out what is shaping ......................

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: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  4. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

  5. Launches - BlackRock’s McKenna starts hedge fund with $270m, Ex-BlueBay fund managers Phillips, Fayman to launch hedge fund in 2016, Dallas lawyer, Wall Street-savvy doctor team up to form biotech-focused hedge fund[more]

    BlackRock’s McKenna starts hedge fund with $270m From Bloomberg.com: BlackRock Inc. has started an event-driven hedge fund one year after hiring Harvard Management Co.’s Mark McKenna to run the strategy. Global Event Partners, which seeks to profit from corporate events such as takeovers

 

banner