Global players like Tudor, Fortress and Bluecrest have expanded their local presence in Singapore and view Asia as an unique market set with many interesting investment opportunities, where many different strategies across various business units can be applied. This confirms Singapore's reputation as a reliable wealth management center. International family offices are also opening offices there to establish a safe hub for the family assets and its related management. Compared to ten or even five years ago, Singapore today offers a rich ecosystem for alternative investment managers. Close to 30 fund administrators are now in Singapore.
While a lot of money is invested in Asia, a good amount of it is actually recycled money - meaning that the funds were created through excess savings in Asia. Those funds were then channeled out to Western institutions, who reinvest them back into Asia. It is likely that in the near future this circle will change and more Asian savings at the individual, institutional and sovereign levels, will be directly invested into Asia through Asian funds.
Asian sovereign wealth funds have been asked to help kick-start funding and ease the start-up challenges of hedge funds in Asia. In the past, potential investors perceived a lack of talent or experience, but these days, new managers tend to be traders from the global investment banks, sovereign wealth funds or other larger hedge funds, with years of experience and solid track record. The talent pool has matured, and has been recognized by international investors who continue to allocate to Asian managers.
One generation back, fund managers in Asia during the 70s and 80s were largely trading the “side effect” of whatever happened in Europe or the U.S. That meant that in order to trade Asia well until the 90s, a major component would be one’s understanding of what the Fed or the ECB would do in terms of monetary policy, as well as all the respective economic developments in the West.
However, from 2010 onwards there was a noticeable shift of the global markets toward how China Renminbi fixes the Renminbi in the morning at 9:15 am Beijing time. This fixing has morphed into a very important event just like the 11a.m. London LIBOR or the 10 a.m. New York fixing had become over the years. Meaning that now, London traders might have to be awake at 1 a.m. to watch the China fixing or Chinese inflation figures, just like traders in Asia have to be up at 2 a.m. on the day of the FOMC announcement.
Twenty years ago, if inflation in China came out at +10% or -10%, it would have had no impact on global investor sentiment. However, if Chinese inflation hits +10% or -10% today, it would be a major cause for concern.
The Opalesque 2012 Singapore Roundtable was sponsored by Eurex and SunGard and took place in Singapore in early May with:
- Roxanne Davies, Managing Director, Parly Singapore
- Danny Yong, CIO, Dymon Asia
- David Dredge, Fortress Investment Group, Co-CIO Convex Strategies Group
- Guan Ong, Founder and Principal, Blue Rice Investment Management
- Kashao Lee, CIO, Cavenagh Capital
- Roland Schwinn, Head of Sales and Business Development for Asia Pacific
and Middle East, Eurex Group
- Mark Wightman, Head of Alternatives Strategy, SunGard
... background and facts about:
- What are family offices investing in?
- What is the “right” risk reporting and transparency when communicating with investors?
- Which risks for the global economy do Asian managers see?
- How do emerging Asian hedge fund managers survive and succeed? How do you raise money in Asia?
- How do statistical concepts like bi-polarity and heteroskedasticity help macro traders deal with a changed world?
- What are the benefits of EUREX' new Client Asset Protection program, and who can participate?
- Why have family offices expanded internal trading and hired more former bank prop traders?
Happy reading!
Tue, 03 Oct 2023 | |
Mon, 01 Aug 2022 | |
Wed, 23 Jun 2021 | |
Mon, 10 May 2021 | |
Thu, 17 Dec 2020 | |
Wed, 29 Jul 2020 | |
Tue, 02 Jun 2020 | |
Wed, 22 Jan 2020 | |
Fri, 06 Dec 2019 | |
Wed, 30 Oct 2019 | |
Wed, 17 Jul 2019 | |
Wed, 10 Jul 2019 | |
Mon, 03 Jun 2019 | |
Wed, 24 Apr 2019 | |
Sun, 07 Apr 2019 | |
Mon, 18 Mar 2019 | |
Sat, 09 Feb 2019 | |
Thu, 31 Jan 2019 | |
Tue, 22 Jan 2019 | |
Fri, 11 Jan 2019 | |
Tue, 18 Dec 2018 | |
Tue, 11 Dec 2018 | |
Tue, 04 Dec 2018 | |
Mon, 26 Nov 2018 | |
Tue, 13 Nov 2018 | |
Wed, 31 Oct 2018 | |
Mon, 10 Sep 2018 | |
Wed, 08 Aug 2018 | |
Tue, 10 Jul 2018 | |
Tue, 12 Jun 2018 | |
Mon, 28 May 2018 | |
Mon, 14 May 2018 | |
Tue, 10 Apr 2018 | |
Fri, 02 Mar 2018 | |
Tue, 20 Feb 2018 | |
Thu, 08 Feb 2018 | |
Thu, 25 Jan 2018 | |
Wed, 17 Jan 2018 | |
Tue, 09 Jan 2018 | |
Thu, 21 Dec 2017 | |
Tue, 12 Dec 2017 | |
Mon, 04 Dec 2017 | |
Mon, 27 Nov 2017 | |
Tue, 14 Nov 2017 | |
Tue, 07 Nov 2017 | |
Tue, 24 Oct 2017 | |
Mon, 16 Oct 2017 | |
Tue, 08 Aug 2017 | |
Mon, 24 Jul 2017 | |
Wed, 03 May 2017 | |
Thu, 20 Apr 2017 | |
Thu, 06 Apr 2017 | |
Sun, 12 Mar 2017 | |
Tue, 14 Feb 2017 | |
Wed, 25 Jan 2017 | |
Thu, 19 Jan 2017 | |
Wed, 11 Jan 2017 | |
Wed, 04 Jan 2017 | |
Thu, 15 Dec 2016 | |
Wed, 07 Dec 2016 | |
Thu, 01 Dec 2016 | |
Tue, 15 Nov 2016 | |
Mon, 07 Nov 2016 | |
Mon, 31 Oct 2016 | |
Mon, 24 Oct 2016 | |
Mon, 17 Oct 2016 | |
Wed, 03 Aug 2016 | |
Fri, 22 Jul 2016 | |
Thu, 14 Jul 2016 | |
Mon, 04 Jul 2016 | |
Tue, 21 Jun 2016 | |
Wed, 08 Jun 2016 |
Opalesque Roundtable Series - Montreal Opalesque Roundtable Series - Montreal (French version) |
More information |
|
|
Thu, 10 Mar 2016 | |
Wed, 02 Mar 2016 | |
Mon, 22 Feb 2016 | |
Mon, 15 Feb 2016 | |
Sun, 07 Feb 2016 | |
Wed, 27 Jan 2016 | |
Mon, 18 Jan 2016 | |
Fri, 01 Jan 2016 | |
Wed, 16 Dec 2015 |
Opalesque Roundtable Series - Miami 2016 Opalesque Roundtable Series - Miami 2016 (Mandarin version) Opalesque Roundtable Series - Miami 2016 (Portuguese version) |
More information |
|
|
Thu, 10 Dec 2015 | |
Wed, 02 Dec 2015 | |
Wed, 25 Nov 2015 | |
Tue, 17 Nov 2015 | |
Thu, 05 Nov 2015 | |
Fri, 30 Oct 2015 | |
Fri, 23 Oct 2015 | |
Fri, 16 Oct 2015 | |
Tue, 06 Oct 2015 | |
Fri, 14 Aug 2015 | |
Sat, 01 Aug 2015 | |
Wed, 22 Jul 2015 | |
Thu, 25 Jun 2015 | |
Thu, 04 Jun 2015 | |
Thu, 28 May 2015 | |
Fri, 15 May 2015 | |
Wed, 06 May 2015 | |
Thu, 26 Mar 2015 | |
Fri, 20 Mar 2015 | |
Tue, 10 Mar 2015 | |
Tue, 10 Feb 2015 | |
Thu, 05 Feb 2015 |
Opalesque Roundtable Series - Miami 2015 Opalesque Roundtable Series - Miami 2015 (Mandarin version) Opalesque Roundtable Series - Miami 2015 (Portuguese version) |
More information |
|
|
Thu, 29 Jan 2015 | |
Tue, 20 Jan 2015 | |
Thu, 08 Jan 2015 | |
Tue, 23 Dec 2014 | |
Wed, 10 Dec 2014 | |
Thu, 20 Nov 2014 | |
Tue, 04 Nov 2014 | |
Tue, 28 Oct 2014 | |
Mon, 20 Oct 2014 | |
Wed, 08 Oct 2014 | |
Wed, 01 Oct 2014 | |
Thu, 03 Jul 2014 | |
Fri, 27 Jun 2014 | |
Wed, 14 May 2014 | |
Fri, 07 Mar 2014 | |
Wed, 05 Feb 2014 | |
Wed, 22 Jan 2014 | |
Fri, 17 Jan 2014 | |
Tue, 07 Jan 2014 |
Opalesque Roundtable Series - Miami 2014 Opalesque Roundtable Series - Miami 2014 (Spanish version) Opalesque Roundtable Series - Miami 2014 (Portuguese version) |
More information |
|
|
Tue, 17 Dec 2013 | |
Mon, 09 Dec 2013 | |
Mon, 18 Nov 2013 | |
Thu, 07 Nov 2013 | |
Wed, 16 Oct 2013 | |
Mon, 05 Aug 2013 | |
Tue, 16 Jul 2013 | |
Wed, 10 Jul 2013 | |
Tue, 02 Jul 2013 | |
Mon, 24 Jun 2013 | |
Mon, 17 Jun 2013 | |
Wed, 12 Jun 2013 | |
Thu, 30 May 2013 | |
Mon, 20 May 2013 | |
Wed, 13 Mar 2013 | |
Mon, 21 Jan 2013 | |
Mon, 14 Jan 2013 | |
Mon, 17 Dec 2012 | |
Wed, 05 Dec 2012 | |
Mon, 26 Nov 2012 | |
Thu, 01 Nov 2012 | |
Tue, 23 Oct 2012 | |
Tue, 16 Oct 2012 | |
Tue, 02 Oct 2012 | |
Mon, 24 Sep 2012 | |
Wed, 25 Jul 2012 | |
Tue, 17 Jul 2012 | |
Thu, 05 Jul 2012 | |
Thu, 14 Jun 2012 | |
Thu, 07 Jun 2012 | |
Wed, 23 May 2012 | |
Thu, 10 May 2012 | |
Thu, 03 May 2012 | |
Wed, 04 Apr 2012 | |
Thu, 12 Jan 2012 | |
Wed, 21 Dec 2011 | |
Fri, 09 Dec 2011 | |
Thu, 24 Nov 2011 | |
Mon, 14 Nov 2011 | |
Mon, 07 Nov 2011 | |
Mon, 31 Oct 2011 | |
Mon, 24 Oct 2011 | |
Thu, 06 Oct 2011 | |
Wed, 10 Aug 2011 | |
Mon, 01 Aug 2011 | |
Mon, 25 Jul 2011 | |
Wed, 29 Jun 2011 | |
Thu, 19 May 2011 | |
Tue, 26 Apr 2011 | |
Sun, 10 Apr 2011 | |
Sun, 03 Apr 2011 | |
Fri, 25 Mar 2011 | |
Thu, 20 Jan 2011 | |
Sun, 19 Dec 2010 | |
Tue, 14 Dec 2010 | |
Fri, 03 Dec 2010 | |
Thu, 18 Nov 2010 | |
Thu, 04 Nov 2010 | |
Mon, 25 Oct 2010 | |
Mon, 04 Oct 2010 | |
Tue, 20 Jul 2010 | |
Wed, 16 Jun 2010 | |
Sun, 06 Jun 2010 | |
Mon, 24 May 2010 | |
Sat, 08 May 2010 | |
Wed, 28 Apr 2010 | |
Mon, 29 Mar 2010 | |
Thu, 18 Mar 2010 | |
Thu, 04 Mar 2010 | |
Sat, 09 Jan 2010 | |
Tue, 15 Dec 2009 | |
Mon, 30 Nov 2009 | |
Tue, 17 Nov 2009 | |
Mon, 09 Nov 2009 | |
Mon, 19 Oct 2009 | |
Mon, 05 Oct 2009 | |
Fri, 26 Jun 2009 | |
Tue, 09 Jun 2009 | |
Fri, 29 May 2009 | |
Thu, 21 May 2009 | |
Wed, 13 May 2009 | |
Thu, 19 Mar 2009 | |
Fri, 05 Dec 2008 | |
Mon, 17 Nov 2008 | |
Fri, 07 Nov 2008 | |
Mon, 20 Oct 2008 | |
Wed, 01 Oct 2008 | |
Wed, 02 Jul 2008 | |
Wed, 11 Jun 2008 | |
Fri, 23 May 2008 | |
Tue, 20 May 2008 | |
Wed, 30 Apr 2008 | |
Tue, 25 Mar 2008 | |
Mon, 17 Mar 2008 | |