Hedge Funds

Asia hedge fund startups falter

Asia-focused hedge funds started with help from a major backer are shutting down as a shrinking pool of key investors.

Asia hedge fund startups falter

Asia-focused hedge funds started with help from a major backer are shutting down as a shrinking pool of key investors.

China’s wealthy investors turn to ‘sunshine’ trusts

Wealthy Chinese investors are turning to “sunshine” private trusts, the prototypes of hedge funds in the communist nation. This is while property market cools, stocks slump and bank-deposit rates fail to match inflation. China’s private trust-fund assets tripled to 138.3 billion yuan or $22 billion in the 18 months to Sept. 30, according to the most recent data from the China Trustee Association, while global hedge-fund assets have stalled at around $2 trillion. The sunshine funds are exempt from some rules placed on Chinese mutual funds, even as limitations such as a ban on short selling means they can’t operate as hedge funds in the same way managers in Hong Kong, London and New York can. The Rongzhi Hedge Fund Index that tracks 938 sunshine private funds almost doubled from the end of 2006 to December 2011, beating the CSI Stock Fund Index, which includes all Chinese open-ended stock mutual funds, by 47 percentage points. China’s mutual-fund industry shrunk about 35 percent from the end of 2007 to 2.1 trillion yuan in September as the Shanghai Composite Index tumbled almost 60 percent from its 2007 peak. The Rongzhi gauge dropped 18 percent last year, outperforming the CSI Equity Fund Index by 7 percentage points. The Shanghai Composite retreated 22 percent. For the source of this story, click here.

Citigroup Singapore sues HK-based hedge fund manager over gold

Citigroup Inc.’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman for $1.03 million in trading losses.

Singapore hedge fund sector set to shrink on tighter regulations

Singapore's $53 billion hedge fund industry is set for a shakeout as the city-state's planned new regulations are expected to raise costs.

Myriad Fund cleared for launch

Carl Huttenlocher received a license to launch Myriad Asset Management this December, three months later than planned.

Wessex closing Asia hedge fund on asset slump

UK-based Wessex Asset Management is closing a hedge fund that invests in Asia-Pacific.

Asian hedge funds giving up secrecy to win cash

Asian hedge funds are gicing up their secrecy and allowing clients more control of their investments in order to draw money from institutions.

Monsoon Capital banks on quant to regrow hedge fund assets

Monsoon Capital, which managed $1.6 billion before the financial crisis triggered major redemptions, is banking on quant-driven strategies.

S. Korea finalizes details on hedge funds

South Korea's financial watchdog has finalized details about qualifications to manage hedge funds.

South Korea to come up with first local hedge fund

South Korea is moving to quicken a regulatory revision in a bid to launch the first local hedge fund within this year.

HSBC launches first offshore renminbi fund

HSBC Alternative Investments expanded flagship HSBC GH Fund of Hedge Funds to clients holding renminbi deposits.

Algebris eyes opening of Singapore office

London-based Algebris Investments LLP is planning to open its office in Asia as growth in the region attracts investors.

Asia Pacific assets rebounded says survey

Survey says total assets in APAC ended the year at $132.5 billion after bottoming out at $118.75 billion by mid 2009.

Survey: funds are 47% equity long/short strategies

Hedge fund managers in Singapore participated in a research conducted by the Alternative Investment Management Association, the global industry trade association for the alternative investment management industry.

ING rebalances hedge portfolio for employee options

ING Groep N.V. has sold 1,450,000 (depositary receipts for) ordinary shares for its delta hedge portfolio, which is used to hedge employee options. The shares were sold in the open market on 1 September and 2 September at an average price of EUR 10.53 per share.

ING rebalances hedge portfolio for employee options

ING Groep hedges employee options with the sale of 5,230,000 ordinary shares for its delta hedge portfolio. With an average price of $10.82 each, the shares were sold on the open market between 2 June and 5 June.

Hong Kong hedge funds hit hardest in Asia-Pacific

Almost one out of five hedge funds in the Asia-pacific region closed from January 2008 up to the first quarter of 2009.