The Association of the Luxembourg Fund Industry (ALFI) and the Asset Management Association of China (AMAC) have signed a memorandum of understanding (MoU) designed to deepen their collaboration. The agreement focuses on developing activities to create mutually beneficial opportunities for
The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has signed a memorandum of understanding (MoU) with the Asset Management Association of China (AMAC). The MoU, which was signed in Beijing on 18 June 2014, is the
Global markets and financial advisory firm StormHarbour Securities is to acquire a 49 per cent stake in Japanese hedge fund manager Asuka Asset Management for an undisclosed fee. StormHarbour, an investment bank founded in March 2009 by Antonio Cacorino and
Global hedge funds investors added USD18.6bn in new money to portfolios in April, nearly twice as much as the amount of new cash they sent in March, data from industry groups TrimTabs and BarclayHedge showed. Multi-strategy hedge funds were the
Japanese investors plan to maintain the size of their hedge fund allocations this year, according to a survey by AIMA Japan and Eurekahedge. The survey of more than 130 investors with over USD3.8 trillion in assets revealed that the average
The first electronically-traded and JSCC-cleared yen swap transaction by a Japanese bank has been executed by Tradeweb. Bank of Tokyo-Mitsubishi UFJ Limited traded with Deutsche Bank and used the Tradeweb “intention to clear” facility to indicate that it would send
The British Virgin Islands has signed a Tax Information Exchange Agreement (TIEA) – its 26th in total – with Japan. The TIEA will enable the two tax authorities to have greater ability to exchange information for tax purposes in accordance
Gottex Fund Management is to concentrate on alternative solutions, multi-asset and Asian-focused asset management following the completion of its merger with EIM Group. The merger, which is expected to complete soon, is subject to approval from the Swiss regulator FINMA.
Banque SYZ & CO has opened a representative office in Dubai aimed at a clientele of institutional and private investors in the Gulf Cooperation Council States (GCC). It will operate within the framework of the Dubai International Financial Centre (DIFC).
GoldenTree Asset Management, an investment firm that manages alternative and traditional asset strategies for sophisticated institutional and high net-worth investors, has opened a Singapore office. Shahriar Saadullah has been appointed as managing director to run business development in Asia Pacific.
