Sun, Nov 19, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge Fund Association expands presence in China

Monday, June 11, 2012
Opalesque Industry Update: In its continuing effort to support the global hedge fund industry through education and advocacy, the Hedge Fund Association (the HFA) today announced that Adam J. Steinberg, a financial communications consultant in Beijing, has been tapped to serve as the new director of the HFA’s China chapter.

Fluent in Mandarin Chinese, Steinberg advises companies on communications issues that affect reputation and market valuation. He has more than eight years of experience in mainland China and most recently, worked at Hill+Knowlton Strategies in Beijing where he counseled Nasdaq-listed Chinese company Tudou Holdings, among many others. He holds an MBA from CKGSB in Beijing; CKGSB’s alumni in China include Alibaba’s Jack Ma and Mengniu’s Niu Gensheng.

“We are thrilled to have such an accomplished person as Adam joining the HFA as a regional director,” said Mitch Ackles, president of the HFA. “Globally, hedge funds are moving into the investment mainstream, and he will be an excellent representative of both the industry and the HFA,” he added.

  Ackles cited the growing importance of hedge funds invested in China as the HFA’s incentive to appoint a new director. “Beyond its economic growth, China has grown very quickly in terms of its level of investment sophistication, and hedge funds are a part of that,” Ackles said.  PerTrac, a leading aggregator of hedge fund data worldwide, found 658 hedge funds reporting in China as of April, 2012, about half of which were formed since January 2010.

  “I am honored to join the HFA in China as regional director. Hedge funds are still very new in China and the HFA is in an excellent position to support both domestic Chinese hedge funds and global funds that have opened representative offices in China, but are still waiting for Qualified Foreign Institutional Investor (QFII) licenses,” Steinberg said. 

  The Qualified Foreign Institutional Investor program, launched in 2002, allows licensed foreign investors to buy and sell yuan-denominated "A" shares in China's mainland stock exchanges (in Shanghai and Shenzhen) that had previously been closed off to foreign investors.

  “The HFA, as the voice of the global hedge fund industry, will be able to promote greater two-way communication, education and understanding about hedge funds,” Steinberg added.

  With the appointment of Steinberg, the HFA now has representation in 17 regions, including 12 outside the U.S.  The HFA also expects to announce the appointment of new directors in the UK and for overall EU operations later this year.

HFA

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W