While foreign firms like Invesco seek QFII licences, some local fund mangers find QFII accounts lucrative.
Macek appointed non-exec director to add expertise as business expands.
Citigroup Asset Management is also beginning to diversify its distribution channels.
Its modest $27 million allows the industry to reverse retail net redemptions in authorized hedge funds.
Christopher Ryan, regional director of North Asia at ING Investment Management discusses the China market.
The fund manager has boosted its distribution, making it an attractive acquisition.