Sat, Dec 3, 2016
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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released