05/19/2014
Expat Rich List billionaire Michael Hintze buys $9.4 million Gooniwindi farm
The South Tallwood property totalling 7800 hectares cost $9.2 million.Talwood is 450 kilometres west of Brisbane, between Goondiwindi and St George.
Alternative Investments
05/16/2014
State Street Global Advisors gains IOOF mandate
IOOF has awarded State Street Global Advisors (SSgA) a $115 million active global equities mandate for its global managed volatility alpha strategy.
05/16/2014
I have a dream … that Hong Kong's next chief executive will be a woman
A female chief executive would have all the traits needed to take city to greater heights
05/16/2014
China to boost international asset trading in Shanghai Free Trade Zone
The regulator has also pushed Chinese brokerages and fund asset management firms to set up branches in the zone
05/15/2014
Hedge fund flows help Asiya assets to $1bn
The Hong Kong-based asset manager has doubled its AUM since the start of the year to $1 billion, helped by allocations to its hedge fund strategies.
05/15/2014
Taiwan bank eyes Aabar's RHB stake?
News reports that Taiwanese financial group Mega Financial Holding Co Ltd is in talks to buy into RHB Bank Bhd has led to speculation that the interested seller is likely to be Abu Dhabi’s Aabar Investments PJSC.
05/15/2014
Australia: Euroz buys rival broker
Euroz has snapped up rival Perth broker
05/15/2014
Soros Alumnus Launches India-Focused Hedge Fund
Sam Gupta's Grand Trunk Capital launched the India Opportunity Fund with money from friends and family but has teamed with Morgan Creek Capital Management to raise up to $200 million for the new venture
05/15/2014
Citic Pacific Agrees to Sell $5.1 Billion Stake to Investors
Citic Pacific Ltd., which is acquiring $36 billion of assets from its state-owned Chinese parent, agreed to sell $5.1 billion of shares to investors including the country’s social security fund.
05/15/2014
India-focused hedge fund backed by Goldman Sachs exec hits $500 mn in assets
Steadview, an India-focused hedge fund seeded by Goldman Sachs chairman Mark Schwartz, has made 12 times the returns of peers with bets on consumer and tech stocks, helping the fund grow its assets to $500 million in nearly five years.
05/15/2014
Global hedge fund assets hit record high in April
A total of $17.9 billion of new money was invested
05/15/2014
Birla Sun Life MF acquires ING's Indian assets
Birla Sun Life Mutual Fund, India's fourth largest asset management company, has acquired Indian assets of ING Mutual Fund.
05/14/2014
India's ground-breaking review of Depositary Receipts could open the door to increased foreign investment, says BNY Mellon
M.S. Sahoo Committee's recommendations will make investing in Indian companies more accessible for global investors and may encourage increased foreign investment into India
05/14/2014
Commonwealth Bank profits boosted by investment performance
The group's completion of previously announced property transactions resulted in an $11 billion reduction in funds
05/14/2014
Goldman to Citigroup Miss World’s Worst Selloff in China
The China reform trade is backfiring in the stock market
05/14/2014
HSBC Private Bank Sees Chances in Backing New Asia Hedge Funds
HSBC is eyeing early-stage investments in Asia managers as rivals
05/13/2014
Antarctica AM, Silverhorn Group form research and advisory partnership in Asia
Antarctica Asset Management and Silverhorn Group have formed a new partnership - Antarctica Asset Management Asia - to provide fund research as well as tailored advisory services for hedge fund managers and other clients.
05/13/2014
Obscure Hong Kong firm manages 1MDB’s funds in Cayman Islands
The funds were invested through 1MDB’s wholly-owned unit Brazen Sky Ltd
05/13/2014
Indian banks can offer structured derivatives abroad without RBI permission
However, such products will continue to be barred in India and banks will have to seek the central bank’s permission
05/13/2014
Chinese Bitcoin Exchanges Planning to go Offshore to Escape PBOC Crackdown
Subsequently, a number of banks announced that they were withdrawing support for digital currency exchanges