Despite 2012 being a year coupled with risks and rewards the year ended on a positive note. All strategic mandates were in the black for December, with multi-strategy hedge funds posting the strongest gains of 2.37% for the month and 8.55% for the year. Hedge funds across all regions witnessed positive returns for the month with Asian hedge funds posting the best performance numbers. »

Prologis will be the sole sponsor of Nippon Prologis Reit (NPR), a Japanese real estate investment trust. »

China's private equity industry is in the early stages of a unique crisis that could undermine the remarkable gains of recent years, according to a newly-published research report by China First Capital, an American-owned international investment bank focused on China. »

Peak Reinsurance, a new reinsurer established to capture the growing demand for modernised reinsurance solutions in Asia Pacific, has obtained formal authorisation to launch its underwriting operations with an initial capital of USD550m in Hong Kong. »

Actis, a pan-emerging markets private equity firm, has made a minority investment in Nanjing Micro-Tech, a manufacturer of medical equipment to Chinese and international hospitals and surgeries. »

Aberdeen Asset Management Asia has assumed responsibility for the management of The Greater China Fund, effective 9 January, following the special meeting of stockholders held on 8 January.  »

Gautam Banerjee has been appointed chairman of Blackstone Singapore. »

Singapore Exchange’s (SGX) derivatives and commodities markets achieved several new record highs in both December and the full year. »

Guernsey-headquartered Richmond Fiduciary Group has established its own representative office in China. »

The combined assets of FTSE China A50 Index-linked exchange-traded funds have surpassed USD10bn. »