Opalesque Industry Update - The Connecticut Hedge Fund Association (CTHFA) and the Zhejiang International Hedge Fund Talents Association (HTA) have announced a strategic partnership. The CTHFA represents the world’s second largest hedge fund center (as measured by number of firms with USD$1bn+ assets under management), while the HTA is the largest independent hedge fund association in China, representing over 300 of China’s leading hedge funds. The Memorandum of Exchange and Cooperation establishes an ongoing strategic relationship between the two associations who will work together to develop professional relationships and promote productive communication between their respective members. The memorandum was signed in the city of Hangzhou, where representatives of the CTHFA and Greenwich Connecticut’s Economic Advisory Committee traveled as guests of the Zhejiang provincial government. As part of the agreement the organizations will create permanent channels to facilitate open dialogue and reciprocal visits between associations, whereby members can share knowledge, expand their commercial networks and build new partnerships. As a culmination of these efforts, the associations will establish a Sino-American Investment Management Summit to institutionalize their cooperation and support these goals on an ongoing basis. Bruce McGuire, President of the Connecticut Hedge Fund Association commented, "China is the second largest economy in the world and the engine of growth for the 21st century. US asset managers, and especially those located in Greenwich, are some of the best and brightest in the field of finance and investment management. China can benefit greatly from the talents of these proven wealth managers, from both the positive impact their investments can have on the real Chinese economy and through the superior returns generated for Chinese institutions and investors. This is the latest in a series of engagements we have had with municipalities in China and we look forward to working with the Zhejiang International HTA to promote the global hedge fund industry and to facilitate cross border growth opportunities for funds in both countries.” Tao Guo, Secretary General of the Zhejiang International HTA commented, “The partnership between the Zhejiang International Hedge Fund Talents Association and theConnecticut Hedge Fund Association is a significant step towards building Sino-American hedge fund engagement. Given the increasing interest in China’s investment management industry, we intend to bring our local knowledge of China’s hedge fund industry to the global stage.” *** Founded in 2004, the CTHFA has approximately 3000individual members. Its mission is to promote a favorable business climate for hedge funds operating within Connecticut and to provide networking and educational forums for its members and invited guests. The CTHFA has quickly become the leading forum for hedge fund industry professionals to share ideas and find solutions to improve the industry in Connecticut, as well as globally. The HTA is governed by the Finance Office of the Zhejiang provincial government and is headquartered is in city of Hangzhou. The HTA is China's largest professional body in hedge fund industry excluding the AMAC, the industry’s regulator. Its members are mainly comprised of senior hedge fund portfolio managers and partners, and influential figures in the asset management industry. Currently the association counts over 300 of China’s leading hedge funds as members and has over 3000 individual members. Members’ total assets under management exceed 300 billion yuan. Bg Article source - Opalesque is not responsible for the content of external internet sites |
Industry Updates
Connecticut and Chinese hedge fund associations to partner
Wednesday, November 30, 2016
|
|