Wed, Apr 23, 2014
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   |   
Banner
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. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  4. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance