Sun, May 29, 2016
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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU