Weekly Asia News (Friday)

ChineseInvestors.com’s S-1 filing with the Securities and Exchange Commission became effective this past week, securing a USD1.5m financing commitment from Kodiak Capital Group, a Delaware limited liability company. »

The first RMB Qualified Foreign Institutional Investor A-share exchange-traded fund has been listed on The Stock Exchange of Hong Kong. »

GLG Partners, the investment manager division of Man Group, has made a series of appointments in Asia to form a long-short equities team focused on fundamental stock picking. »

Hermes BPK Partners has acquired the USD100m Caliburn Greater China Fund.  »

MSCI, a provider of investment decision support tools, has launched the Barra China Equity Model (CNE5), which captures the short and long term dynamics of the Chinese local market and includes the latest advances in risk methodology. »

The HFRI Emerging Markets: Asia ex-Japan Index gained 0.75 per cent in June, compared to an anemic 0.05 per cent return for the broader industry, according to He »

In a continuing sign that Asian hedge funds are ramping up their operational infrastructures, Dymon Asia Capital (Singapore) Pte, Asia’s best performing hedge fund in 2011, has hired David Chan as CEO reported Bloomberg this week. »

Singapore Exchange says derivatives, commodities and clearing activities grew in June from a year earlier while securities turnover was lower.   »

Daiwa Securities Group has signed a sale and purchase agreement to transfer its global asset services division to Sumitomo Mitsui Trust Bank. »

Asia’s hedge fund industry never fails to surprise. »