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. »

Alternative asset manager Gottex Fund Management has appointed Marc Fisher as head of marketing for the Asia Pacific region. »

Lumi, a provider of nutritional beauty products in China, has raised USD20m (RMB120m) in a series B funding led by private equity firm ClearVue Partners. »

The Financial Services Agency has announced that as of 31 October Chi-X Japan, a wholly owned subsidiary of alternative trading venue operator Chi-X Global, will be designated as a proprietary trading system (PTS) on which transactions are exempt from the Take-Over-Bid (TOB) rule of the Financial Instruments and Exchange Act. »

Japan’s Nikko Asset Management has chosen InfraHedge, a managed account platform and a subsidiary of State Street, for the launch of its Multi Manager Investment Trust, a regulated investment product that will invest in managed futures and global macro strategies. »

Kohlberg Kravis Roberts has opened an office in Singapore. The office, which is KKR’s seventh in Asia Pacific, will serve as the regional hub for Southeast Asia and will be dedicated towards its investment activities throughout the region. »