Weekly Asia News (Friday)

Weekly Asia News (Friday)
Hans Schlaikier, Hedgeweek

Goldman Sachs launches Asia fund… Hedge fund to back Chinese takeover of Smithfield foods…

The Goldman Sachs Group, Inc’s multi-disciplinary hedge fund unit – Goldman Sachs Investment Partners – has launched a new hedge fund in Asia named Oryza Capital. Goldman Sachs is at present raising capital for the fund. Through this new fund, the bank primarily seeks to tap rising opportunities in the emerging markets of Asia. »


Rob Aspinall, Intertrust

Robert Aspinall and Martin O’Regan join Intertrust

Intertrust has expanded its fiduciary team with Rob Aspinall joining as director, fiduciary services in the Cayman Islands and Martin O’Regan joining as director, fiduciary services in Singapore. »


Dubai

Napier Park Global Capital opens DIFC office

Napier Park Global Capital, an alternative asset management firm, has expanded its business operations into the United Arab Emirates and is opening an office at the Dubai International Financial Centre. »


Hans Schlaikier, Hedgeweek

Goldman Sachs and ex-Mirae CIO to launch fund… Six funds get the green light in China…

Goldman Sachs Investment Partners and Cong Li, the former chief investment officer of Mirae Asset Global Investment (Hong Kong), are preparing to start separate Asian hedge funds as fund launches gather pace in the second half of the year in the region. »


Approved stamp

CFTC certifies futures contracts on CES China 120 Index and HSI Volatility Index

The Commodity Futures Trading Commission’s (CFTC) division of market oversight has issued a letter advising the Hong Kong Futures Exchange that its CES China 120 Index futures contract and its HSI Volatility Index futures contract submitted for review on 2 August 2013 are deemed certified. »


Asia Pacific

BNP Paribas Securities Services makes senior appointments in Asia Pacific

BNP Paribas has made several key appointments to strengthen its Securities Services franchise in Asia Pacific as it continues its expansion in the region. »


Index

No changes to STI after quarterly review

The constituents of the Straits Times Index (STI) will be unchanged following the conclusion of its quarterly review. »


Hong Kong

Walkers expands HK presence

Mark Cummings has joined Walkers’ Hong Kong office, strengthening the firm’s position as a Pan-Asian provider of offshore legal services. »


Hans Schlaikier, Hedgeweek

Global hedge fund AUM declines by over USD6 billion in August… US dollar rallies in Asia on hedge fund buys…

Global hedge fund AUM declined by more than USD6 billion in August after Hedge funds witnessed slightly negative returns in August amid increased risk aversion in global markets during the month. The Eurekahedge Hedge Fund Index was down 0.32 per cent during the month, outperforming global stock indices as the MSCI World Index declined by 2.26 per cent in August. »


HRH The Countess of Wessex

HRH The Countess of Wessex to attend 100WHF’s Inaugural Hong Kong Gala

HRH The Countess of Wessex will be the Royal guest of honour at 100 Women in Hedge Funds’ (100WHF) inaugural Hong Kong Gala to be held on 20 November at the Hong Kong Maritime Museum. »


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