Weekly Asia News (Friday)

Weekly Asia News (Friday)
Hong Kong

Hong Kong startups have to “deliver performance” to survive says Marshall Wace’s Anderson

Whilst startup numbers are undoubtedly healthy for Hong Kong this year, with 65 per cent of hedge fund managers choosing to domicile there, the issue of capital raising remains prominent. »

San Francisco

FCA to seed USD50 million to US-based Asian Equity L/S fund

Sensato Capital Management, a San Francisco-based hedge fund is to receive USD50 million in seed capital from FRM Capital Advisors (FCA). »

Map of Korea

Neuberger Berman still overweight Asia, focused on China and Korea

George Walker, the Chairman and CEO of US asset management firm Neuberger Berman that manages USD3.7 billion in fund of hedge fund assets globally, is looking to focus his atte »

Singapore at night

Ex-OCBC derivatives trader Tey to launch equity arb fund with Chinese investment backing

Singapore-based Solaris Asset Management is launching the Solaris Capital SPC Equity Arbitrage Fund »

Carla McNulty Bauer and Sarvjit S Dhillon

Guernsey delegation sees opportunities in India

Guernsey’s finance industry has significant opportunities to win business in India, according to Peter Niven, chief executive of Guernsey Finance, the promotional agency for the island’s finance industry. »

Barry Silbert, SecondMarket founder and chief executive

SecondMarket launches alternative investments platform in Israel

New York-based SecondMarket, a marketplace and auction platform for alternative investments, has launched operations in Israel. »

Fund administration

LaCrosse to provide hedge fund administration for Paridon Asia

Paridon Asia, a Singapore-based Asian macro hedge fund, has selected LaCrosse Global Fund Services to provide hedge fund administration, middle office and operations support via its LaCrosseSTP service. »

UBS office block

UBS in talks with prop. traders setting up hedge funds, continues Asia PB expansion with 11 hires this year

Switzerland’s largest bank, UBS, has been one of the most active prime brokerages in Asia Pacific, with new hires across the board from capital sales through to I.T. and legal. »

Japan flag

Japanese startup numbers set to exceed previous high of 2006

Japan looks set to exceed the 2006 high watermark in terms of startup numbers this year, with 27 expected to be launched by year-end. 2006 recorded 25 startups. »

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