Weekly Asia News (Friday)

Four Singapore Exchange member banks successfully eliminated more than 82 per cent of the SGD interest rate swaps they wanted to terminate in the first SGX triReduce portfolio compression cycle. »

The AIM-quoted investment group China Private Equity Investments Holdings Limited (CPE) has agreed to develop a strategic partnership with Hong Kong-based Gen2 Capital Partners Limited, an independent asset management firm with assets under management of approximately USD500million. »

Crescent Hill Capital Management, a Singapore-based firm and part of the Crescent Point Group, has selected Wells Fargo Global Fund Services to provide daily fund administration and an outsourced middle and back office operations solution for its Crescent Hill Asia Opportunities Fund. »

The Asian hedge fund industry expanded to a record number of hedge funds in Q3 2012, as strong performance across emerging Asian strategies continued to attract the interest of both Asian and global investors, according to data released by HFR. »

Eze Castle Integration, a leading provider of IT and private cloud services to the hedge fund community, announced this week that it had expanded its Eze Private Cloud services to Hong Kong and Singapore. »

Eze Castle Integration, a provider of IT solutions and private cloud services to hedge funds, has expanded its Eze Private Cloud services to Hong Kong and Singapore. »

AXA Private Equity announced this week the opening of its first China office in the country’s capital, Beijing. This continues the firm’s expansion in Asia having opened its first office in Singapore in 2005. »

Thomas (Tom) Kingsley is to drive Bloomberg Tradebook's Asia Pacific execution consulting practice from Singapore. »

Tiger Management has formed a partnership to focus on investing in Asian equities. »

On the back of the HSI Volatility Index (VHSI), which measures Hang Seng Index (VNKY) option prices, reaching a six-year low earlier in October, Asian hedge funds are positioning themselves to bet on a return of volatile asset prices reported Bloomberg News this week. »