Two market-opening moves by Beijing last month have further reduced the value of RQFII quotas. This is a particular challenge for the offshore arms of mainland fund houses.
HFT gets new CEO; Old Mutual appoints SE Asia chief; Mercer makes Asean hire; SkyBridge recruits in Seoul; Columbia gets Taiwan GM; Citadel executives quit; M&G boosts team; and CBRE promotes in China.
The French bank's asset management arm aims to reap the rewards of financial liberalisation in China as it opens a wholly foreign-owned enterprise in Shanghai.
Lion Global Investors’ head dealer explains why it is not yet using the new trading link. She also voices concerns over high-speed trading and says her team is becoming more selective about brokers.
Some investors are asking for more information from their managers about dark pools following recent US investigations into these alternative trading venues.
Reductions in tick sizes may be prompting high-frequency traders to move to the sidelines to re-assess their strategies, says Yasuaki Sumimoto, head trader at Mitsubishi UFJ Asset Management.
More than half of institutions say alternative trading venues have eroded market efficiency, weakening the "buy-and-hold culture" and shortening their investment horizons.
Like other fund firms, HFT Investment Management's Hong Kong arm is seeking to exploit a new distribution channel – Taiwanese offshore banking units.
The combined exchange group formed by the merger of TSE and OSE is set to complete integration of their derivatives markets, which may bolster interest from high-speed traders.
HFT Investment Management's HK arm is set to launch the first RQFII money market fund. Meanwhile, RQFII applications are being readied in Singapore, and more RQFII and QFII quota has been awarded.
Stock exchanges need additional volatility limits to prevent wild price swings due to aberrrant orders of derivatives contracts, in addition to circuit breakers in cash equity markets.
HFT Investment Management has launched the first RQFII fixed income fund to invest in RMB bonds issued both on the mainland and offshore. More are forecast to follow.