Weekly Asia News (Friday)

Asian hedge funds finally enjoyed a solid month of performance for September, gaining 2.48 per cent according to Eurekahedge: their best monthly return since February 2012 when they gained 3.46 per cent. »

Hong Kong and Singapore have suffered a reverse of fortunes as they compete with New York and London as major centres for the world’s biggest hedge funds. »

On 15 August the Singapore Exchange Derivatives Trading (SGX) requested an expedited Commodity Futures Trading Commission (CFTC) review of the SGX’s MSCI Indonesia Index futures contract so that it could be offered to US persons. »

Kim Frisinger has been appointed director at Kinetic Partners and will be joining the Hong Kong team to develop the firm’s forensic offering in Asia. »

Recognition of Guernsey’s expertise as a finance centre continues to build in the Far East, according to Fiona Le Poidevin, chief executive of Guernsey Finance, the promotional agency for the island’s finance industry.  »

There’s not been a lot to shout about, aside from the odd high profile fund launch, for Asia’s hedge fund industry this year. »

Australia’s hedge fund industry is now bigger than either Hong Kong or Singapore as institutional money migrates to alternative managers reported FINalternatives this week. Apparently the 63 hedge funds in the Triple A Partners/Basis Point Consulting Hedge and Boutique Fund Directory manage USD45billion of assets. »

International law firm Maples and Calder this week announced the opening of a new office in Singapore. »

Law firm Maples and Calder has opened an office in Singapore. »

Nomura, one of Asia’s leading investment banks, has teamed up with global alternative investment manager Man Group Plc to launch the Nomura Man Systematic Fixed Income Fund. »