Weekly Asia News (Friday)

Weekly Asia News (Friday)

SGX securities and derivatives activities increase in June

Singapore Exchange’s (SGX) securities and derivatives activities increased in June, compared to a year earlier. For the last 12 months (July 2012 to June 2013) stock market capitalisation increased 13 per cent to SGD954bn. »

Hong Kong

BNY Mellon granted licence approval for new Hong Kong SMA business

BNY Mellon has received licence approval from the Securities and Futures Commission (SFC) for its new dedicated Hong Kong-based subsidiary to establish a separately managed accounts business. »

Hans Schlaikier, Hedgeweek

Henderson & TIAA-CREF create USD20billion real estate fund… M&A activity involving Asia Pacific down 23.1 per cent for 1H13…

M&A activity involving Asia Pacific is down 23.1 per cent for the first half of 2013 compared to the same period last year, amounting to USD154.3billion reported the Singapore Business Review, quoting a Thomson Reuters release. »

Liz Milan, HKEx's head of Asia commodities

HKEx, LME and CBMX sign MOU

Hong Kong Exchanges and Clearing (HKEx), the London Metal Exchange (LME) and the China Beijing International Mining Exchange (CBMX) have signed a memorandum of understanding (MOU) on cooperation and the exchange of information. »

Martin Abbott, chief executive, LME

HKEx, LME and BOC sign MOU

Hong Kong Exchanges and Clearing (HKEx), The London Metal Exchange (LME) and Bank of China (BOC) have signed a memorandum of understanding (MOU) on cooperation and the exchange of information regarding the clearing of renminbi (RMB) commodity products. »

Hans Schlaikier, Hedgeweek

Soros Alumnus joins SAC Capital as co-head Asia trading… Asia ex-Japan hedgies outperform underlying markets for third consecutive month…

Credit-based hedge fund strategies could well see increased investor demand as Asia’s credit markets continue to mature. In a recent blog on Preqin, Ivan Jincheng Han wrote that corporate credit and high yield are expected to remain high and are expected to be “the next growth engine of a deepening Asia-Pacific credit market”.  »

Hans Schlaikier, Hedgeweek

Fifth consecutive month of net allocations for hedge funds… Japanese funds boost assets by 20%…

Hedge funds witnessed the fifth consecutive month of net allocations in May, despite global markets experiencing mixed returns. »

Hong Kong

Gilbert Tse appointed head of Lyxor for Asia

Lyxor Asset Management has appointed Gilbert Tse as head of Lyxor for Asia. »

Lee Porter, head of Liquidnet Asia

Liquidnet sees record growth and membership engagement in Asia Pacific

Liquidnet, the institutional trading network, has reported a series of Asia Pacific trading records in May, including a record month of principal traded and the highest volume traded in a single day, since launching in the region five years ago. »

Hans Schlaikier, Hedgeweek

Ex-SAC trader prepares to launch hedge fund… New tax exemption attracts funds to Hong Kong…

Miaodan Wu, a former portfolio manager at billionaire Steven A. Cohen's hedge fund SAC Capital Advisors, is preparing to launch his own hedge fund in Hong Kong to bet on price swings in financial securities, as reported by Reuters. »

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