Mon, Oct 24, 2016
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:


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.


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


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


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


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


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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion