Sun, Nov 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

New AIMA Hong Kong chairman focuses on establishing presence in China

Monday, October 08, 2012

Philip Tye, the new chairman of AIMA Hong Kong and founding partner and managing director of Dragonback Capital Limited, is focussing on supporting industry participants in developing AIMA's presence in China. "China is now at the stage where there are potential changes in regulation which could make hedge funds a growing part of the financial industry there" Tye said, in an interview with Asia Pacific Intelligence. "It's time that AIMA had a presence in China which will have to be built by industry participants in China and our role is to support them."

AIMA Hong Kong is currently the largest chapter in Asia with 165 members, and was set up some 16 years ago. Other focuses for the new chairman include working locally in Hong Kong to ensure that Hong Kong is promoted as one of the world's major financial centres. The Hong Kong government has put together a task force to promote Hong Kong. "We're on their side, as a major hedge fund centre it's important that AIMA does get involved and gives its opinions" Tye said.

A third area that concerns him is the development of the regional groups within AIMA. "We want to bring more emphasis on Asia with co-operation between the various Asian AIMA chapters" Tye said. AIMA has chapters in Hong Kong, Singapore, Japan and Sydney, Australia at the moment.

Tye's business, Dragonback Capital, is a hedge fund platform. Tye comments on the tough times that the Asian hedge fund industry is enduring. "It's very difficult at the moment" he says. "There is still some investment coming in but traditionally Asian hedge funds have relied a lot on European and North American investors and it is difficult to get that investment at the moment. We live in hope but there is no evidence of improvement yet. The numbers are well established, the statistics show that there has been a decrease in assets."

 
This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence
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. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  5. Hedge fund Oceanwood raises $2bn, to close to new investors[more]

    From Reuters.com: Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion (1 billion pounds) recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from Tudor Gro