|
Steve Bernstein Benedicte Gravrand, Opalesque Geneva for New Managers: Delegates at the recent Opalesque Hong Kong Roundtable talked about a platform for emerging hedge fund managers, and the challenges faced by smaller managers.
Platform solution to take off and run
Steve Bernstein is CEO of SinoPac Solutions and Services, part of SinoPac Holding, a
$4 billion market cap financial services company from Taiwan that provides fund administration and middle office services.
The company has a sister asset management company called SinoPac Asset Management, "where we put small managers on to our platform so that they can also take advantage of our licence instead of getting their own licence," he said.
The hedge fund industry in Asia is different from the rest of the world, he said. There aren’t many funds with more than $1bn in AuM in Hong Kong and the average fund has around $50m, compared to $300 or $400m in the US.
"Conservatively, if you don’t have at least $75 million or so that you are managing and getting fees on management, it’s very tough to cover your rent, cover your infrastructure and run a proper fund with the proper people and compliance with the systems and technology that institutional investors require for their investments," he noted.
SinoPac A.M. is a full-service platfo...................... To view our full article Click here
|
RSS
