Tue, Jun 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AIMA Hong Kong supports Financial Services Development Council initiative

Monday, November 18, 2013
Opalesque Industry Update - AIMA Hong Kong, the local branch of the Alternative Investment Management Association (AIMA), the global hedge fund industry association, has expressed its support for the Hong Kong Financial Services Development Council’s vision for Hong Kong as a pre-eminent international financial and asset management centre.

The six FSDC reports published today provide a framework of research and recommendations that address many of the challenges and opportunities that Hong Kong faces, amidst a highly competitive regional and global environment.

The development of a broader and deeper range of asset classes and product types will ensure that Hong Kong attracts new asset management flows and remains an attractive base for talent, all of which will increase the economic activities of the financial sector and its overall contribution to Hong Kong.

In particular, AIMA Hong Kong welcomes the development of an OEIC regime and advocates a competitive tax and regulatory framework as well as one that recognizes the importance of cost and process efficiencies in attracting asset managers to Hong Kong.

Philip Tye, Chairman of AIMA Hong Kong said, “The FSDC publications cover a broad range of initiatives which ensure that Hong Kong not only recognizes its strength as a global financial centre, but also builds on its position in the face of global and regional competition. Whilst Hong Kong is seen as a preeminent location for hedge funds in Asia, a holistic approach to taxation, regulation and environmental factors is important for the further development of the industry here in Hong Kong.”

Press release

bc

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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s