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Weekly Asia News (Friday)

Weekly Asia News (Friday)
Japan flag

Japanese investors to maintain hedge fund allocations, says survey

Thu, 26/06/2014 - 06:00

Japanese investors plan to maintain the size of their hedge fund allocations this year, according to a survey by AIMA Japan and Eurekahedge. »

Japan flag

First fully electronic JSCC-cleared swap trade is executed on Tradeweb

Wed, 25/06/2014 - 16:01

The first electronically-traded and JSCC-cleared yen swap transaction by a Japanese bank has been executed by Tradeweb. »

Dubai

SYZ & CO opens Dubai representative office

Mon, 23/06/2014 - 16:09

Banque SYZ & CO has opened a representative office in Dubai aimed at a clientele of institutional and private investors in the Gulf Cooperation Council States (GCC). »

Tax

BVI signs 26th TIEA with Japan

Thu, 19/06/2014 - 16:03

The British Virgin Islands has signed a Tax Information Exchange Agreement (TIEA) – its 26th in total – with Japan. »

Magnifying glass

Gottex to focus on alts, multi-asset and Asian asset management post EIM merger

Thu, 19/06/2014 - 14:00

Gottex Fund Management is to concentrate on alternative solutions, multi-asset and Asian-focused asset management following the completion of its merger with EIM Group. »

Singapore

GoldenTree Asset Management opens Singapore office

Tue, 17/06/2014 - 15:00

GoldenTree Asset Management, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, has opened a Singapore office. »

Israel flag

TASE launches stock options on Bezeq and Perrigo

Tue, 17/06/2014 - 12:01

The Tel Aviv Stock Exchange (TASE) has approved the launch of stock options on the shares of two additional companies, Bezeq and Perrigo. »

Hans Schlaikier, Hedgeweek

Hedge funds cross USD2.1 trillion in May… Difficult month for Asian funds …

Thu, 12/06/2014 - 18:48

Hedge funds ended May in positive territory with the Eurekahedge Hedge Fund Index up 1.15 per cent as global markets showed signs of stabilisation following a choppy start to the year. On a year-to-date basis, hedge funds are up 1.91 per cent while the MSCI World Index has returned 2.63 per cent in the first five months of 2014. »

Commodities

Euronext and Dalian Commodity Exchange sign MOU

Thu, 12/06/2014 - 16:01

Euronext has signed a memorandum of understanding (MOU) with the Dalian Commodity Exchange (DCE) to carry out joint research into the promotion, distribution and trading of commodity products. »

Handshake

Yousef Abdulla Fakhroo joins Qatar Financial Centre Authority

Mon, 09/06/2014 - 12:17

The Qatar Financial Centre Authority has appointed Yousef Abdulla Fakhroo as director of marketing and corporate communications. »

Hans Schlaikier, Hedgeweek

Asian hedge funds look overseas for growth… Hedge fund beta indices positive in May…

Thu, 05/06/2014 - 15:45

Asia’s large hedge funds are turning to companies outside the region to deliver better returns on the billions of dollars they have raised, reports Bloomberg. »

Hans Schlaikier, Hedgeweek

Up to USD50bn available to Asia focused funds… Asia Pacific turns to hedge funds…

Thu, 29/05/2014 - 20:30

As much as USD70 billion is up for grabs for global hedge funds looking to raise money in Asia over the next few years, according to a Barclays survey. »

Up arrow

Regulators’ expenditure increases by nearly 60 per cent in recent years

Wed, 28/05/2014 - 12:00

US, UK and Hong Kong financial services regulators have increased their expenditure over the last seven years by 59.4 per cent, an average of 8.075 per cent each year, since the end of fiscal year 2006/07, according to Kinetic Partners. »

Renminbi

European offshore centres have key impact on renminbi’s global liquidity

Mon, 26/05/2014 - 10:04

Market participants in Asia and Europe see the development of offshore centres in Europe as having a key impact on the global liquidity of China’s trading currency, the renminbi (RMB), according to a study by Aite Group. »

Hans Schlaikier, Hedgeweek

Fund flows surpass USD50bn despite lagging returns… funds eye HK-China mutual recognition scheme …

Fri, 23/05/2014 - 08:09

Hedge funds posted their second consecutive month of negative returns in April with the Eurekahedge Hedge Fund Index down 0.15 per cent as global markets continued to falter amid a sluggish start to the year. On a year-to-date basis, hedge funds are up 0.78 per cent, slightly ahead of the MSCI World Index, which has returned 0.75 per cent in the first four months of the year. »

Israel flag

Israeli hedge funds outperform with significant growth in assets

Thu, 22/05/2014 - 11:54

The Israel hedge fund industry has seen a 33 per cent growth in assets in the past two years to USD2.7 billion under management, according to a survey by Tzur Management. »

Asia Pacific

Neuberger Berman makes key client-facing appointments in Asia

Wed, 21/05/2014 - 16:10

Neuberger Berman Asia has appointed six marketing and sales executives in Asia, as the firm grows to meet client demand in the region. »

Hong Kong

AMP Capital launches Asia quant strategy

Wed, 21/05/2014 - 10:04

AMP Capital has launched an Asia quant fund, which takes the quantitative investment technique it has used in Australia and applies it to a selection of rapidly developing Asian markets. »

Singapore

SGX clears over USD3 billion in non-deliverable interest rate swaps

Mon, 19/05/2014 - 12:01

Singapore Exchange (SGX) has cleared more than USD3 billion notional worth of Malaysian Ringgit (MYR) and Thai Baht (THB) non-deliverable interest rate swaps (NDIRS) since its launch on 7 April 2014. »

One finger

Singapore’s UOB becomes first Eurex Clearing member in Asia

Fri, 16/05/2014 - 16:02

Singapore’s United Overseas Bank (UOB) has joined Eurex Clearing, becoming the first Asian member of the derivatives marketplace and clearing house. »

India flag

India’s review of depositary receipts could open the door to increased foreign investment, says BNY Mellon

Tue, 13/05/2014 - 17:07

A new report issued by India’s Ministry of Finance recommends allowing over-the-counter (OTC) non-capital-raising American depositary receipt (ADR) programmes on any kind of securities, not only equity. »

Research

Antarctica and Silverhorn form research and advisory partnership in Asia

Tue, 13/05/2014 - 14:00

Antarctica Asset Management and Silverhorn Group have launched a new partnership – Antarctica Asset Management Asia – to provide fund research and advisory services for hedge fund managers and other clients. »

Letter

CFTC issues no-action letter for OTC Clearing Hong Kong Limited

Fri, 09/05/2014 - 06:00

The US Commodity Futures Trading Commission’s (CFTC) Division of Clearing and Risk (DCR) has issued a time-limited no-action letter for OTC Clearing Hong Kong Limited. »

Hans Schlaikier, Hedgeweek

Mixed results for hedge fund beta indices in April… US hedge funds look to Asia and airlines…

Thu, 08/05/2014 - 18:56

The Market Vectors Hedge Fund Beta Indices experienced mixed results in April with two of the six indices seeing positive returns, one remaining flat and the other three ending the month in negative territory. »

Dubai

SMP Partners opens representative office in Dubai

Tue, 06/05/2014 - 12:23

The SMP Partners Group has expanded its global network with the opening of a representative office in Dubai. »

Hans Schlaikier, Hedgeweek

Ex-SAC manager plans to start Pan-Asian fund… ex-Soros hedge fund hires ex-Goldman exec as CFO…

Thu, 01/05/2014 - 18:49

Bloomberg reports that Andrew Bazarian, a former manager at SAC Capital Advisors LP, plans to start his own Pan-Asian hedge fund betting on rising and falling stocks, according to a person with knowledge of the matter. »

Israel flag

Eurex to launch index futures contracts based on Tel Aviv main index in June

Wed, 30/04/2014 - 16:00

Eurex Exchange is to list index futures based on the TA-25, Israel’s blue chip index, as of 9 June 2014. »

Handshake

Millennium Global hires new MD for Asia

Tue, 29/04/2014 - 16:05

Global currency overlay and currency alpha manager Millennium Global has appointed Hai Xin as managing director responsible for business development in Asia (ex-Japan) and Australasia. »

China flag

Northern Trust to provide Shanghai QDLP support to hedge fund clients

Tue, 29/04/2014 - 14:07

Northern Trust’s hedge fund administration business will provide local market expertise and solutions to hedge fund clients as they participate in the Shanghai Qualified Domestic Limited Partner (QDLP) programme. »

Fund administration

Global macro HF manager Kris Capital selects Wells Fargo for fund admin services

Tue, 29/04/2014 - 12:04

Singapore-based global macro hedge fund manager Kris Capital has selected Wells Fargo Global Fund Services to provide daily fund administration and an outsourced middle and back office operations solution. »

features
Special report
Hedgeweek Special Report: Prime Brokerage 2015

Read how prime brokers of all shapes and sizes are becoming both operational and balance sheet-efficient, and broadening out their product suites for hedge fund managers... »

Special report
Lyxor Asset Management - Why trend-following strategies are back on track

This Hedgeweek Special Report explains not only why managed futures should be reconsidered by investors, but also how a more effective risk allocation strategy can benefit investor portfolios in both correlated and non-correlated markets... »

Article
Christopher ELvin, Preqin

977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:  ... »

Special report
Cayman Islands Hedge Fund Services 2014

Cayman Islands Hedge Fund Services 2014

Fri, 19/12/2014 - 10:24

With service providers reporting growth in hybrid funds, funds for single investors and bespoke managed accounts, this report examines the regulations and new services being developed in Cayman to tackle the fast-changing offshore funds market... »

Article
Up arrow

Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months: ... »

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