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Six hedge fund groups are to be allowed to raise up to USD50m each in China and invest it overseas, according to an unconfirmed report in the 21st Century Business Herald, a local newspaper.
The report said that Chinese regulators had granted six hedge fund groups a combined quota of USD300 million.
According to the report the groups are Man Group Plc, Winton Capital Management, Oak Tree, Citadel, Och-Ziff Capital Management Group LLC and Canyon Partners. The fund groups are yet to officially confirm or comment on the newspaper report.
Deutsche Asset & Wealth Management has added a euro-hedged share class for its db x-trackers MSCI World Index UCITS exchange-traded fund on the Deutsche Borse, reported indexuniverse.eu.
The EUR2.2billion ETF tracks the market cap-weighted MSCI World Index which is made up of more than 1600 companies spanning 27 countries. This
follows the launch earlier this month on the London Stock Exchange of a USD-hedged share class for its db X-trackers MSCI Japan Index UCITS ETF.
Simon Klein, head of exchange traded product sales, EMEA and Asia, was quoted as saying:
“Increasing numbers of our clients are asking for currency-hedged exposure as
The constituents of the Straits Times Index (STI) will be unchanged following the conclusion of its quarterly review.
The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Ascendas Real Estate Investment Trust, Keppel Land UOL Group, CapitaCommercial Trust and Yangzijiang Shipbuilding Holdings.
Companies in the reserve list will replace any constituents that become ineligible as a result of corporate actions, before the next review.
The STI is widely followed by investors as the benchmark for the Singapore market and is used as the basis
Mark Cummings has joined Walkers’ Hong Kong office, strengthening the firm’s position as a Pan-Asian provider of offshore legal services.
Cummings joins the office’s investment funds group as counsel. He previously worked at Appleby Global and has extensive experience in advising on the laws of the Cayman Islands and the British Virgin Islands, with regard to structuring and establishing investment funds, both private equity and hedge funds.
Cummings has been practising offshore since 2007, having spent a couple of years based in the Cayman Islands before moving to Asia.
“We’re extremely pleased to welcome Mark as we
The hedge fund industry took in a net USD8.2bn (0.4 per cent of assets) in July, reversing a USD8.9bn outflow in June, according to estimates based on data from 3,327 funds, according to BarclayHedge and TrimTabs.
"July’s volume was well off the blazing pace set in May, when the industry took in a net USD18.8bn, the largest inflow in the past two and a half years, ” says Sol Waksman, president and founder of BarclayHedge. “Nevertheless, industry assets climbed to a five-year high of USD1.97trn in July.”
The TrimTabs/BarclayHedge Hedge Fund Flow Report noted that equity long only
Hedge fund launches and liquidations both declined modestly in the second quarter, as US regulators eased restrictions on the marketing of hedge funds.
A total of 288 new hedge funds launched in 2Q13, a slight decline from the 297 funds launched in 1Q13 but representing a year over year increase from the 245 funds launched in 2Q12, according to the latest HFR Market Microstructure Industry Report.
Total hedge fund launches in the trailing four quarters ending Q2 totalled 1144, the highest total since nearly 1,200 funds launched in the trailing four quarters ending Q1 2008.
Hedge fund
Citi has surpassed USD500 billion in alternative assets under administration – over USD300 billion in hedge fund assets under administration, and over USD200 billion of committed private equity capital under administration.
“Our leading solutions across the hedge fund and private equity asset classes have positioned us well to capitalise on the ever increasing trend towards convergence of styles in alternative asset management,” says Mike Sleightholme, Global Head of Hedge Fund Services, and Joe Patellaro, Global Head of Private Equity Services, in a joint statement. “As institutional investors continue to demand more operational capabilities from their alternatives managers, Citi is there
Confluence, a provider of data management solutions, has acquired Data Agent, a provider of alternative investment industry data management and reporting solutions.
Already a provider of Form PF and Form CPO-PQR reporting solutions, Data Agent brings the experience and expertise to position Confluence to provide a data management and automated solution to solve the complex regulatory reporting demands of the Alternative Investment Management Fund Directive (AIFMD).
Confluence made the announcement as the company debuts its Unity NXT AIFMD Transparency Reporting solution at the ALFI Global Distribution Conference 2013 in Luxembourg.
Like Confluence, Data Agent delivers value to
Global hedge fund AUM declined by more than USD6 billion in August after Hedge funds witnessed slightly negative returns in August amid increased risk aversion in global markets during the month. The Eurekahedge Hedge Fund Index was down 0.32 per cent during the month, outperforming global stock indices as the MSCI World Index declined by 2.26 per cent in August.
Risk aversion returned to global markets in August driven by a host of factors. The increased likelihood of the United States waging another war in the Middle East, weakening economic situation in emerging markets and continued concerns of QE tapering
HRH The Countess of Wessex will be the Royal guest of honour at 100 Women in Hedge Funds’ (100WHF) inaugural Hong Kong Gala to be held on 20 November at the Hong Kong Maritime Museum.
100WHF has been holding regular industry educational events for its members and peer leverage sessions for senior practitioners in Hong Kong since 2007.
After many years of charitable fundraising in the US, UK and Switzerland, 100WHF will host its first charitable gala event in Asia, with funds raised benefitting The Hong Kong Award for Young People (AYP), in affiliation with The Duke of
