Thu, Dec 18, 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   |   
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  4. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und

  5. Performance - Lansdowne, Man Group, other hedge funds profit from shorts in oil, Turmoil boosts hedge funds that bet against Russia, oil, CTAs post strongest returns since December 2010[more]

    Lansdowne, Man Group, other hedge funds profit from shorts in oil From Valuewalk.com: The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 is still looming close to the highest mar