Many hedge funds invested in the Indian markets, and the dealers that provide this access through P-notes, have stopped adding positions for fear of potential tax liabilities.
Guidance is needed over new proposals that could hit fund capital gains and damage foreign investment into India.
Built upon the bank’s custody and fund admin business, HSBC’s fledgling prime brokerage platform will expand to the US after roll-outs in Europe and Asia.
Tae Jong Um is to run MSCI’s new office in Seoul and will look to tap pension funds, provide index solutions, and service broker-dealers and the fledgling hedge fund ...
Fund of hedge funds plan to increase or maintain their Asian allocations, although poor-performing managers are likely to see outflows, says Eurekahedge.
The Chinese joint-venture fund house expects to see growing demand from mainland investors in long/short products and is building its infrastructure to that end.
A new pilot scheme, which could be introduced as soon as this month, is being finalised for rollout in Shanghai, with a forecast initial quota of $5 billion.
After an aggressive expansion of its prime services network in the region, Barclays is transforming from its beginnings in synthetic prime brokerage to a full-service offering.
HFR data shows that Asian hedge funds lost money in 2011, both from the market and from investor redemptions.
The firm has committed substantial resources to its new office in Hong Kong, which will focus on servicing investment fund clients, among others.
As South Korea prepares for its first generation of onshore hedge funds, a number of global firms are understood to be preparing to apply for licences.
Hong Kong-based Synergy Fund Management’s alliance with European seeding platform IMQubator comes at a time when the hedge fund industry needs all the help it can get.
Long/short Asia equity funds were the worst performers in the region last year, so it’s hardly surprising that several are being shuttered.
Long/short fared worst and CTA best as Asia strategies sank a combined -8.5% in 2011. But data provider Eurekahedge takes the view that things can only get better this year.
The country’s financial regulator has approved 13 firms to run hedge funds, but the current environment is hardly ideal for raising capital.
In a bid to attract institutional investors, hedgies in the region are cutting fees, says research firm Preqin.
Management fees for fund houses in Japan appear to have stabilised, but profitability continued to decline in 2010, says Nomura Research Institute.
New regulatory requirements will press asset managers to reduce collateral risk, says Citi.
The new platform is focused on alternatives funds across Asia, with China its main long-term target, and will ultimately service traditional fund clients.
Law firm Jones Day notes a new trend for locally raised mainland China private-equity funds to acquire overseas assets.