Weekly Asia News (Friday)

Preqin’s latest Hedge Fund Spotlight reveals that hedge funds focusing on the Asia Pacific region posted significant returns in January and February 2013 of 3.97 per cent and 2.18 per cent in each month respectively. »

Preqin’s latest Hedge Fund Spotlight reveals that hedge funds focusing on the Asia Pacific region posted significant returns in January and February 2013 of 3.97 per cent and 2.18 per cent in each month respectively. This is in comparison to North American and European hedge funds, which posted only 0.61 per cent and 1.24 per cent in February respectively. »

Hyundai Securities Co Ltd is seeding capital to a new Singapore-based hedge fund, it’s first such foray outside of South Korea and a positive sign for the regional fund industry. »

International law firm Locke Lord has increased its presence in Hong Kong through an association with the law firm Cheung & Lee. »

The Eurekahedge Japan Hedge Fund Index crossed the 200-point mark for the first time to reach its highest level on record, according to the index provider. »

Singapore Exchange (SGX) and The Philippine Stock Exchange (PSE) have entered into a Memorandum of Understanding (MOU) to cooperate in the development of Philippines-linked derivatives products. »

Hyundai's financial services arm is set to seed a new Asia-focused hedge fund, its first-ever such venture outside of South Korea. »

The IMS Group and HedgeOp Compliance, a regulatory services and compliance consultancy to the asset management and securities industry, have opened their first Asian office in Hong Kong. »

PhillipCapital India has deployed Orc Access to meet the growing market demand for low-latency connectivity in India. »

In a study entitled “Assessing the Quality of Asian Stock Market Indices”, researchers at Edhec-Risk Institute have found that all 10 indices surveyed display a pronounced lack of efficiency in terms of risk-reward trade-off. »