Hong Kong Develops Its Fund Management Business

The survey of fund management business covered the overall value of assets reported in the sub-sectors of asset management, fund advisory and private banking, as well as SFC-authorized real estate investment trusts (REITs).


Singapore Exchange Aims to Take Asia

Singapore Exchange (SGX) announced Thursday its higher mainboard admission standards, aiming at ensuring its position as a competitive and relevant global exchange and attracting larger companies seeking to list here.


New Asia hedge funds raise US$2bil in first half

New Asian hedge funds collected US$4.43bil in 2011, powered by major launches such as ex-Goldman Sachs Group Inc trader Morgan Sze's Azentus and former Asia head of Highbridge Capital Carl Huttenlocher's Myriad.


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.