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Asia Pacific Intelligence

Asia Pacific hedge fund industry news for June included:

Monday, July 08, 2013


Australia's AAAPartners' June newsletter reported on fund marketing with Damien Hatfield claiming that marketing marketing must be given the same significance as fundperformance and process.

Bloomberg reported that MST Capital Pty, run by Sydney-based former UBS AG (UBSN) trader Gerard Satur, raised A$10 million ($9.1 million) from wealthy investors for its new global macro strategy fund.

"The strategy, Baruch Global Macro Fund, will shadow the strategy used for its existing fund that invests in foreign exchange, equities, credit markets, interest rates and commodities, with a focus on the Asia-Pacific region, said Mark Levinson, a partner at the fund manager. MST expects to add as much as an additional A$10 million from Aug. 1, he said, declining to name the investors.

MST, which manages A$175 million with most of their clients being institutional investors, is widening their client base as Australian investors search for higher-yielding assets with the central bank lowering its benchmark interest rate to a record-low 2.75 percent and a slowing economy hurting equity valuations. The company's existing hedge fund has returned 6.5 percent after fees in the last nine months and targets an annual return of 10-15 percent, Levinson said."


Reuters reported that  ex-banker Paul is raising around $60 million for a hedge fund that will invest in U.S.-listed, Chinese companies.


The Hindu Business Line reported that SEBI has amended alternative fund regulations.


Reuters reported that  European and Asian hedge fund firms are finding the potentially lucrative U.S. market impossible to ignore, but as tough as ever to negotiate. Reporting from Monaco's GAIM conference in June, Reuters wrote: "Delegates at the annual GAIM conference in Monaco this week talked about the difficulties, particularly for small funds, in attracting new money to an industry once at the top of investors' wish lists."

This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
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