The Hong Kong Securities and Futures Commission (SFC) has reprimanded and fined Citigroup Global Markets Asia Limited (CGMAL) HKD4 million over regulatory breaches in relation to the operations of its alternative, or dark, liquidity pool.
The European Commodity Clearing (ECC) has been given Recognised Clearing House (RCH) status by the Monetary Authority of Singapore (MAS). This will be ECC’s first regulatory license outside of Europe, representing a key milestone for ECC and CLTX, as part of EEX Group, in their shared global growth ambitions.
Hong Kong based Asian specialist multi-strategy manager Zentrum Capital Advisors achieved 32 per cent performance last year, sits in the top decile of Prequin’s global multi-strategy league table and has a Sharpe ratio of 1.4.
Ali Chughtai, portfolio manager at USD235 million European macro manager WHARD Stewart, believes that the short term has a real possibility of seeing a correction in emerging market (EM) currencies.
A survey of the alternatives sector conducted by Eurekahedge and AIMA Japan finds that fund managers in Japan now typically allocate up to 10 per cent of their total expenses on regulatory compliance.
Tai United Holdings Limited’s indirect wholly-owned Singapore-based subsidiary Tai United Asset Management has been approved by the Monetary Authority of Singapore (MAS) as a Registered Fund Management Company (RFMC) under the Securities and Futures (Licensing and Conduct of Business) Regulations to officially carry on fund management business in Singapore.
Singapore Exchange (SGX) and the Shanghai Pudong Development Bank (SPDB) have entered into a memorandum of understanding (MOU) to strengthen capital market ties between Singapore and Shanghai.
The Shenzhen-Hong Kong Stock Connect provides international investors with another direct link to access China’s domestic A-shares market and especially the stocks on the tech-heavy Shenzhen market. It also provides Luxembourg investment funds with access to a new asset class.
Confluence predicts that the rise of regulatory technology (RegTech) in 2017 will trigger a transformation of the asset management back office, with improved data management and technology solutions delivering operating model improvements through automation.
The International Commodities and Derivatives Association (ICDA) has signed a memorandum of understanding (MoU) with the China Futures Association (CFA) covering wide-ranging co-operation between the two associations including training and global advocacy.