Mon, Feb 8, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

Asia Pacific hedge fund news for March included:

Tuesday, April 09, 2013

ASIA

The IO&C reported that there may be a decision soon on the Asian Funds Passport pilot proposal. The proposed Asia Pacific version of Europe's UCITS funds, an Asian Funds Passport, was given a positive airing at the annual ASIC Forum for industry participants.

AUSTRALIA

Businessweek reported that Australia's Ascalon Capital Managers Ltd., a company owned by Westpac Banking Corp. (WBC) that invests in hedge- fund managers, bought a 30 percent stake in Singapore-based RV Capital Management Pvt as it expands its Asian investments.

CHINA

Asian Investor reported that mainland Chinese fund firms have set their sights on Europe, seeking to break into the European institutional market and sell the China growth story, although fears over market volatility both domestically and in Europe around Cyprus points to short-term fundraising difficulty.

Marc Saluzzi, chairman of the Association of the Luxembourg Fund Industry and partner for PwC's Luxembourg Financial Services practice, says he noticed an uptick in Chinese managers seeking advice on breaking into Europe in the second half of 2012.

Another story from Asian Investor revealed that LGT Capital Partners, the Switzerland-based alternative asset manager overseeing $25 billion, has launched a Beijing office, marking its first operation on the mainland. The Beijing office will be headed by Frankie Fang, who has been serving as LGT Capital's China representative since 2007. It is understood that LGT Capital will examine potential private equity deals in primary, secondary and co-investment opportunities on the mainland, with the Beijing office serving to research and monitor its investments.

EMERGING MARKETS

Institutional Investor reported that emerging markets were once seen as risky, but capital inflows - in particular from hedge funds - show how that mind set has changed. In the quarter ended December 2013, according to Chicago-based hedge data firm HFR, hedge fund capital invested in emerging markets rose $11.2 billion to a record $139 billion.

HONG KONG

Opalesque reported the "Report of the Survey on Hedge Fund Activities of SFC-licensed Managers/Advisers" shows that hedge fund assets under management (AUM) in Hong Kong increased 38% from the time of the last survey in September 2010 to US$87.1 billion as of 30 September 2012.

JAPAN

Bloomberg reported that Tsukasa Shimoda, a former fund manager at Morgan Stanley Asset & Investment Trust Management Co., will start a Japan-focused hedge fund amid increased appetite for the world's second-largest equity market.

The Japanese FSA published a draft review of the short selling regulation.

KOREA

Asian Investor revealed that the Korean National Pension Service $340 billion pension fund has set itself a long-term goal of opening offices in Hong Kong and Shanghai. However, for now it is focused on stabilising its other overseas bases.

Hedgeweek reported that Hyundai Securities Co Ltd is seeding capital to a new Singapore-based hedge fund, under the leadership of Dr Kim Hong-shik, a derivatives specialist who headed the Asian equity-linked products for ABN AMRO and was founding member at K3 Capital Management, a Singapore-based hedge fund.

 
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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider