Weekly Asia News (Friday)

Emerging markets hedge funds recorded total investments of USD151 billion, after accumulating over USD1.8 billion during the first quarter of 2013. »

Billings Capital Management, the investment manager founded by Friedman Billings Ramsey co-founder, former chairman and chief executive Eric F Billings, has formed a business development relationship with MCAM Group dedicated towards Europe and Asia. »

India-focused hedge funds should be avoided, shows the Eurekahedge Hedge Fund Index of 2,404 funds and their performance for the first 4 months of 2013. »

Astmax Asset Management, an asset management firm based in Tokyo, and Gottex Fund Management Sarl have agreed mutual sub-advisory services to provide institutional and other Japanese clients with hedge fund and multi-asset investment solutions. »

Investors increased allocations to Asian hedge funds in 1Q13 as stimulus measures; quantitative easing and increased bond purchases by the Bank of Japan drove gains across both equities and the HFRX Japan Index. »

Investors increased allocations to Asian hedge funds in 1Q13 as stimulus measures, quantitative easing and increased bond purchases by the Bank of Japan drove gains across both Japanese equities and the HFRX Japan Index. »

Singapore Exchange (SGX) has reported growth in derivatives and commodities trading in April. »

Hong Kong-based Richland Capital Management Ltd is shutting down its hedge fund operation, as reported to Reuters on Tuesday 30th April according to Chief Investment Officer Alex Au. The decision to close down is unexpected, as Richland has outperformed industry peers in the Asian hedge fund industry since it was launched in 2006. »

CICC Investment Management (USA) and PineBridge Investments have launched the first global fund of hedge funds targeting qualified Chinese investors. »

Liquidnet, the institutional trading network, is continuing its expansion in high-growth markets by enabling institutional investors to trade securities listed in Thailand. »