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Alternative Market Briefing Weekly

Opalesque Roundup: Hong Kong hedge fund exploits China credit opportunities: hedge fund news, week 52

Saturday, December 20, 2014

In the week ending 19 December, 2014, reports on the latest Opalesque Hong Kong Roundtable described the opportunities Chinese SMEs provide for Hong Kong credit hedge funds. Credit manager Barry Lau added that only 5 loans of a total of 55 defaulted, but the fund was able to receive full principal plus interest owed in each default through "efficient" court proceedings in China. The Roundtable participants also agreed that SME financing and equity stock picking are top opportunities that will remain for at least another decade.

Smithfield said that the 10 member-states ASEAN generally weathered the shocks of the U.S. tapering quantative easing; William Pesek warned that Asian hedge fund managers must brace themselves for a possible China crash; Hong Kong-based funds were also advised to list on the Gibraltar Stock Exchange to give them visibility in the EU. Brian Thung said that Asia’s hedge funds are more resilient than those in Europe and the U.S.; 2014 saw a 30% drop in the number of Cayman Islands funds authorized in Hong Kong; South Korea's homegrown hedge funds marked a sharp growth in three years and is now worth $2.45bn; Asia Pacific Stock Exchange announced a March 2015 launch of its new NASDAQ OMX trading system; and Edward Hardman said there is ......................

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