Tue, Jul 7, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

APS partners with Martin Currie to form China A share and Greater China active equity management business

Wednesday, September 14, 2011
Opalesque Industry Update - APS Asset Management Pte Ltd (APS) has signed a memorandum of understanding with Martin Currie to form a long term strategic partnership and become the world's leading independent China A share and Greater China active equity management business. The completion should be done at the end of September.

APS will leverage Martin Currie’s distribution platform, and the latter will be APS’ primary distributor worldwide.

In the announcement released today, Mr Wong Kok Hoi, chairman of Singapore-based APS, said: “Competition in our line of business is intensifying. Hence, instead of competing with one of the industry giants, I decided it is more sensible in the long-term to pool resources with Martin Currie in building a highly competitive China team.”

The A-share class is designed for Chinese residents; only a handful of Qualified Foreign Institutional Investors (QFII) are allowed to trade in them. Most foreign investors invest in US$, in Hong Kong markets, and trade in H shares, instead of A shares, Hedge Fund Research told Opalesque in a recent interview.

APS manages five hedge funds: APS Far East Alpha Fund; APS Japan Alpha Fund; APS Greater China Alpha Fund; APS Greater China Long/Short Fund; APS Asia-Pacific Hedge Fund – and a retail fund, the APS Alpha Fund. It has research teams across three different cities in China supporting their market leading China ‘A’ share strategy.

Martin Currie, a specialist investment management business head-quartered in Edinburgh and with around $16.2bn in AuM, has been active in China since 1994, and was among the first foreign institutions to be awarded a QFII license in 2005.
B. Gravrand


See our most recent article on APS:
Opalesque Exclusive: APS Greater China Alpha Fund down -5.7% in May (-6.3% YTD) on slowdown of China’s economic growth Source

See last week's articles on China hedge funds:
Opalesque Exclusive: All about China hedge funds – How can investors take part of the China play (Part III) Source
Opalesque Exclusive: All about China hedge funds – Nearly 300 hedge funds are now located in Greater China (Part II) Source
Opalesque Exclusive: All about China hedge funds - New tools since last year (Part I) Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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 systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner