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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. »

CBRE Group has been selected by Shanghai Tower Construction & Development to provide property management consultancy services for the iconic Shanghai Tower – a 2,073 foot (632 metre) tall skyscraper currently under construction in the Lujiazui district of Shanghai, China. »

Stoxx has expanded the Stoxx Global Index family with the launch of more than 1,200 supersector, size, regional and total market indices covering global equity markets. »

Bloomberg has launched a Malaysian Ringgit (MYR) corporate sukuk index, developed with the Association of Islamic Banking Institutions Malaysia (AIBIM) and Bursa Malaysia. »

Assets under management of Asia Pacific exchange-traded products increased by USD3bn last week and ended at USD118.1bn, according to Deutsche Bank. »

Northern Trust has appointed George Hindmarsh as head of Asia Pacific business development, with responsibility for leading the company's growth in asset servicing for corporations, sovereign wealth funds, central banks, government entities, superannuation funds, asset managers and other institutional clients in the region. »

Symphony International has completed the sale of its remaining two high-end residential apartments in the One Central Residences development in Macau.  »

The CSOP FTSE China A50 RQFII ETF is now the largest RQFII ETF.  »

S&P Dow Jones Indices and Deutsche Bank have co-branded the offshore renminbi bond index, S&P-DB ORBIT Index, to offer market participants an important measure of the fast growing offshore renminbi (RMB) denominated fixed income market. »

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