Fri, May 27, 2016
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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year