Managers of Wealth Asia Pacific

Hedge Funds Go on Attack In India

After years of complaining about poor treatment as minority investors in India's publicly traded companies, some Western hedge funds are turning to activist tactics that have not often been tried here.

Former Tiger China Staff Said to Plan Hong Kong Hedge Fund

The Hong Kong Securities and Futures Commission approved a license for his Hong Kong-based company Karst Peak Capital Ltd., according to information posted on the regulator's website.

DBS to start talks for AFG stake

Vertical Theme, together with Langkah Bahagia Sdn Bhd, own 29.06% of AFG. Should the proposed acquisition go through, DBS would effectively take over Duxton's 14.2% stake in AFG via Vertical Theme.

Asian bond market transaction flows

Euroclear is working closely with the ASEAN+3 and markets and the ADB to improve post-trade services in Asia in order to increase the appeal of Asian debt securities to investors worldwide.

Report Says Singapore HF Tops in Asia

Yong’s Singapore-based firm Dymon Asia Capital outperformed all of the region’s hedge fund managers last year with more than 20% in returns after fees, according to a Bloomberg report.

SGX overhauls business structure

The bourse said it will reorganise into five key business units - derivatives, listings, market data and access, post-trade and securities - from May 1.

Bank of China unit applies to London Metal Exchange

It will be the first bank from China, the world's largest consumer of industrial raw materials, to become a member of the exchange that is the world's biggest marketplace for metals including copper, aluminium and nickel.

Thanachart launches fifth SET gold ETF

The mutual-fund arm of Thanachart Bank Plc said the Thanachart Gold Exchange Traded Fund (TGOLDETF) will be the fifth gold ETF to be listed on the Stock Exchange of Thailand (SET).

Fidelity investment shortlists five potential buyers for India MF assets Close

Among the bidders, Pramerica Mutual is learnt to have valued Fidelity Mutual Fund's assets at about Rs600 crore, which works out to 6.9% of Fidelity's Rs8,700 crore asset base. HDFC Mutual and Reliance Mutual Fund have placed bids in the range

ING's Asia Sale Draws Interest

Sun Life Financial Inc., Canada's third-largest life insurer by assets, has already said it may bid but declined to say whether it had hired an adviser.

Dow Jones Credit Suisse Hedge Fund Index up 1.61% in February

Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished February up 1.61%; with 9 out of 10 strategies in positive territory;

BNY Mellon Named Best Asian Hedge Fund Administrator

BNY Mellon's Alternative Investment Services (AIS) division received top industry recognition in the 2012 Hedgeweek Awards last week in London, winning the Best Asian Hedge Fund Administrator Award.

Asset management fees need to come down

The fees charged by active asset managers are exorbitant and need to come down,says Joseph Cherian, Director at CAMRI, National University of Singapore. Cherian, who was in Mumbai last week to attend a conference on Future of Financial Markets organised b

ING said to start sale of Asian insurance and investment- management business

ING in early January put the Asia business on the block after it scrapped plans to float it along with its European insurance operations. The tough European market climate made a combined initial public offering inviable.

Noble said to hire 16 banks for $1.5bn of loans

The loan will be split into a $600 million, 364-day facility and a $900 million, three-year facility, the person said, asking not to be identified because the details are private.

Athos Capital to launch Asia-focused event-driven hedge fund

Typically, in M&As, managers take a long position in the target company and a short position in the acquiring company.

ING Puts $775 Million Thailand Bank Stake on Block

The planned sale could spark a takeover battle for TMB as the potential buyer of ING's stake will be required to make a mandatory offer for the rest of the company under Thai laws.

Li Ka-shing Controlled Fund Manager Mulls Singapore IPO

ARA, which manages real-estate trusts with properties in China, Singapore, and Hong Kong, is looking into a yuan-denominated real-estate investment trust listing of assets in its Dragon Fund II, which has a portfolio of real-estate assets across Asia, the

Jewelers in India Extend Strike Seeking Withdrawal of Taxes

Gold jewelers in India, the world’s biggest bullion buyer, will extend the first nationwide strike in seven years for two more days to demand withdrawal of some levies, a trade group said.

Liontrust roars in to Asia

The firm gained a presence in Asian markets last October when it acquired the fund management business of Occam Asset Management, but this is its first fund launch for former Occam head of Asia equities Mark Williams.

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