Weekly Asia News (Friday)

Weekly Asia News (Friday)
Asia Pacific Map

Asia-Pac ETP AUM proved resilient to bear markets

After China, Korea raised interest rates for the third time this year from 3% to 3.25% to rein in inflation. Slowing U.S. economic recovery and inflationary concerns have kept the Asian markets on back foot during the last week. Japan (Nikkei 225) was the only market which recorded a gain (+0.23%), while Korea (KOSPI2) declined by 3.51%, China (CSI 300) retreated by 0.82%, Hong Kong (HSI) decreased by 2.31%, Singapore (FSSTI) sank by 2.14% and Australia (S&P/ASX 200) slipped by 0.46%. »

Hong Kong

Short selling on the rise in Hong Kong

With China having just announced the highest inflation levels in 34months and fervent speculation that further monetary tightening will be needed, short selling »

Lee Porter, Head of Asia Pacific. Liquidnet

Liquidnet makes two new hires in Australia and Singapore

Liquidnet, the off-exchange international liquidity provider that connects buy-side institutional investors, tr »

Handshake with globe

Pictet AM hires Asia total return expert

Pictet Asset Management, the institutional asset management arm of Geneva-h »

Mark Stockley, Head of International Cash, BlackRock

JP Morgan & BlackRock launch APAC Same Day Settlement platform

US investment banking giant JP Morgan announced this week that it had launched a Same Day Settlement platform in Asia Pacific with leading global investment management firm BlackRock. »

plant growing from seed out of the ground

NewAlpha AM and Woori Absolute Partners launch a joint venture to seed Asian managers

NewAlpha Asset Management and Woori Absolute Partners (WAP), the Singapore-based alternative investment arm of Woori Investment Securities have teamed up in a joint venture venture to launch a seeding vehicle focusing on the Asia-Pacific region. »

Trading screens

JP Morgan and BlackRock launch same day settlement platform for Asia-Pacific

JP Morgan and BlackRock have launched a Same Day Settlement platform in Asia Pacific. The Asian Same Day Settlement service, which is provided by JP Morgan’s transfer agency business, will provide BlackRock’s institutional clients based in Asia with the opportunity to process trades during Asian business hours and to receive the same day use of the funds. »

Asia ex-Japan hedgies down 2.59 per cent for May

Asia ex-Japan hedgies down 2.59 per cent for May

May was a difficult month for hedge funds globally. »

Three fingers

Cube Capital to build out research team with three new hires

Cube Capital, the global hedge fund manager with offices in London and Hong Kong, has made strengthening its re »

Andrew Gordon, BNY Mellon

BNY Mellon to provide middle-office outsourcing support to Asia hedge funds

With investor demands for greater transparency weighing heavily on the shoulders of hedge fund managers, BNY Mellon has responded by rol »

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