Wed, Jul 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

News round-up of December news in the Asia Pacific hedge fund industry.

Wednesday, January 09, 2013

December news round-up: Asia Pacific hedge fund news over this month included:

AUSTRALIA

Opalesque reported Damien Hatfield's Triple A newsletter, with Hatfield claiming 2012 was a boring year in hedge funds. Hatfield said that MST Capital Pty Ltd, a global macro trading manager with an Asia Pacific bias based in Sydney, won a $100 million investment mandate from an unidentified Australian superannuation fund, reported Financial Review, while Bloomberg reported in February that UBS AG's only team of traders with a global mandate to make bets on macroeconomic trends had left the bank to form a hedge fund, MST Capital, and that Gerard Satur, the head of macro strategic trading would lead. Hatfield also reported that 90 West Asset Management, a Melbourne-based boutique fund manager specialised in global natural resource companies, won a $100 million equities mandate from another undisclosed Australian industry superannuation fund, said Super Review. The firm runs the 90 West Global Basic Materials Fund (long/short) and the 90 West Global Natural Resources Fund (long only).

Hatfield also reported that Acorn Capital (not to be confused with U.S.-based Acorn Capital Management), a relative value manager based in Melbourne, launched the AU Acorn Capital Asia Small Cap Fund. The fund is issued by Australian Unity Funds Management. Douglas Loh, Acorn Capital's head of Asia, said that there are excellent opportunities in the Asian small cap sector.

BROKERS

Greenwich Associates announced six brokers tied for top spot in Asian market while Nomura retained dominance in Japan.

CHINA

News on sunshine funds in China, found a hopeful uptick in business for the sector. Opalesque reported that a thick cloud shrouded China's prototype hedge funds, or so-called sunshine funds after seeing record liquidations this year but the future looks brighter as insiders believe that the estimated 1,800 sunshine funds across China could rebound next year, benefiting from fresh regulations Beijing is set to implement in 2013. According to the report, the new regulations will bring flexibility in investment strategy compared to mutual funds because they will not be required to invest 60% of their portfolio in equity strategies and also allow such funds to raise their cash positions to evade risk.

Shanghai law firm Boss & Young predicted that China is ready to license foreign firms to expand their hedge fund activities. Source.

COMPLIANCE

Compliance Asia took a look at compliance programmes over 2013, urging clients to look at their AML efforts.

HONG KONG

Opalesque reported that Hong Kong based hedge funds are shifting gears towards UCITS. You can read that story here.

JAPAN

Fortress's Japan Opportunity Fund II has closed with assets at $1.65bn.

TAIWAN

Research from Cerulli Associates revealed that Taiwan's high-yield bond funds have suffered from higher churn.

 
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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  4. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  5. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

banner