China's Huarong Asset Mgmt to restructure in Q3-sources

Huarong is the second of the four asset management funds to be restructured after changes to Cinda Asset Management Co in 2010, allowing it expand to other businesses including brokerage and securities services.


Mapletree to re-open Singapore hybrid market

Its move comes after a recovery in trading volumes in perpetual bonds in the last two weeks, coupled with the launch of a S$1bn Tier 1 hybrid from local lender OCBC Bank on July 5.


GLG forms Asian equity team under ex-GIC, LionRock execs

The Hong Kong-based team includes four sector specialists and will manage a fundamental long/short equity portfolio, GLG said in a statement on Monday, taking a bet on the biggest but shrinking hedge fund category in the region.


Hermes alternatives boutique expands Asian reach

As part of the deal, Hermes will also take over management of Caliburn Capital's thematic multi-manager hedge fund Caliburn Greater China which currently has $100 million in assets.


Shanghai Hedge Fund Association is officially launched

In an emailed statement, Clark Song, Mananging Director at SHFA said that the Shanghai hedge fund network would be transformed into an education and communications organization to enable hedge fund firms in the city to participate in public policy discour


Dai-ichi, Korea Life Bid for ING's SE Asia Business

Japan's Dai-ichi Life Insurance Co Ltd and Korea Life were first out of the blocks to submit second-round bids on Monday for ING's insurance operations in Southeast Asia, as the Dutch insurer moves to divest it Asian operations.


Gold Demand in India to Drop as Buyers Prefer to Hoard Cash

Demand is going to be subdued, given the state of the economy and the sentiment,” Ajay Mitra, managing director, Middle East and India at the council, said in a phone interview from Mumbai. “People are preferring to stay invested in cash becau


Ex-Lone Pine Manager Is Said to Start $500 Million Hedge Fund

Tybourne Capital Management Ltd. can draw down an additional $500 million available from investors later this year as opportunities arise, said the people who asked not to be identified as the information is private. Tybourne Equity Fund started trading


ETFs unlikely to soar in Asia

ETFs listed in Asia ex Japan have $67bn of assets under management, compared with almost $1.2tn for US ETFs.


GLG Forms Asia Equities Team Co-Led By Ex-GIC Manager

The team based in Hong Kong will be led by David Mercurio, who joined the London-based unit of Man Group Plc as the head of Asia equity and co-head of its global equity strategies from Government of Singapore Investment Corp.