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In the week ending 17 November, 2014, in Asia, the HK$694bn Shanghai Hong Kong Stock Connect scheme to directly link the two cities’ share markets will start operations on November 17; hedge funds are expected to plunge into mainland shares once the Hong Kong-Shanghai equity link debuts; billions of dollars of UCITs assets in Asia could be at risk from fund passporting changes in the east; and Neuberger Berman has teamed up with Samsung Securities and its affiliate Samsung Asset to market its products into Korea.

The number of launches of alternative and multi-asset funds has increased 15 percent since 2010; Blackstone’s hedge fund solutions business and NWI Management launched the Blackstone NWI Asset Management; the Palaedino Fund (UCITS IV) and Sabre Fund Management launched the Sabre Dynamic Equity Fund; Schroders’ Paul Marriage has said the company is considering reopening his Absolute UK Dynamic fund; Alicia Koplowitz’s family office, registered a new hedge fund in Spain that will invest in three to 10 hedge funds; and Equinox Funds launched the Equinox Aspect Core Diversified Strategy Fund.

The International Foreign Exchange has filed a liquidation plan before the U.S. Bankruptcy Court in Manhattan; and Lonestar Capital will shut down for the second time in eight years after the fund's performance in October dipped.

The HFRI Fund Weighted Composite Index was up 0.09% in October (+3.00% YTD).

Most hedge funds performed in the first week of November even as central banks made several announcements; data from Morgan Stanley showed most hedge funds weathered the ‘October storm’ with median returns up 0.08%; Asia-focused macro hedge fund managers outperf......................

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