07/19/2012
LSE in merger talks with Singapore exchange
The London Stock Exchange Group is in talks with the owner of the Singapore exchange about a potential £7.2bn merger.
Alternative Investments
07/19/2012
China's Huarong Asset Mgmt to restructure in Q3-sources
Huarong is the second of the four asset management funds to be restructured after changes to Cinda Asset Management Co in 2010, allowing it expand to other businesses including brokerage and securities services.
07/18/2012
HSBC puts Vietnam insurance business up for sale: sources
The stake has a market value of $250 million, but HSBC is expecting a hefty premium due to Baoviet's market position and the potential to raise the ownership level at a later stage, one of the sources added.
07/17/2012
Manulife Indonesia and Danamon Launch Innovative Insurance and Wealth Management Products
The initiative will be aimed at enhancing insurance and wealth management offerings to a broader range of customers nationwide and is a follow up of the partnership agreement between Manulife Indonesia and Danamon in October 2011.
07/17/2012
Hong Kong fund managers suffer 10% fall in AUM but SFC upbeat on renminbi
The Securities and Futures Commission’s annual Fund Management Activities Survey, 2011, found the combined fund management business of Hong Kong recorded a year-on-year decline of 10.4%, bringing the total AUM down from HK$10trn (£810bn, US$1.
07/17/2012
Mapletree to re-open Singapore hybrid market
Its move comes after a recovery in trading volumes in perpetual bonds in the last two weeks, coupled with the launch of a S$1bn Tier 1 hybrid from local lender OCBC Bank on July 5.
07/16/2012
Hermes BPK Partners acquires Caliburn Greater China Fund
The fund will be integrated into Hermes BPK’s suite of hedge fund solutions and will be renamed the Hermes BPK Greater China Fund.
07/16/2012
GLG forms Asian equity team under ex-GIC, LionRock execs
The Hong Kong-based team includes four sector specialists and will manage a fundamental long/short equity portfolio, GLG said in a statement on Monday, taking a bet on the biggest but shrinking hedge fund category in the region.
07/16/2012
Hermes alternatives boutique expands Asian reach
As part of the deal, Hermes will also take over management of Caliburn Capital's thematic multi-manager hedge fund Caliburn Greater China which currently has $100 million in assets.
07/16/2012
ClearView rejects $220m offer from CCP
CCP, a subsidiary of private equity manager Crescent Capital Partners Management, made the 50-cents-a-share offer last week.
07/16/2012
Shanghai Hedge Fund Association is officially launched
In an emailed statement, Clark Song, Mananging Director at SHFA said that the Shanghai hedge fund network would be transformed into an education and communications organization to enable hedge fund firms in the city to participate in public policy discour
07/16/2012
Dai-ichi, Korea Life Bid for ING's SE Asia Business
Japan's Dai-ichi Life Insurance Co Ltd and Korea Life were first out of the blocks to submit second-round bids on Monday for ING's insurance operations in Southeast Asia, as the Dutch insurer moves to divest it Asian operations.
07/16/2012
The Dow Jones Credit Suisse Hedge Fund Index Finished Down 0.40% in June
Performance for the Broad Index and its 10 sub-strategies is calculated monthly. June, May and YTD 2012 performance numbers are listed below and are available at www.hedgeindex.com.
07/16/2012
Goldman cuts back prime brokerage in Japan
Goldman Sachs is paring down their Japanese prime brokerage business after the planned exit of unit head Toru Okabe.
07/16/2012
Gold Demand in India to Drop as Buyers Prefer to Hoard Cash
Demand is going to be subdued, given the state of the economy and the sentiment,” Ajay Mitra, managing director, Middle East and India at the council, said in a phone interview from Mumbai. “People are preferring to stay invested in cash becau
07/16/2012
Ex-Lone Pine Manager Is Said to Start $500 Million Hedge Fund
Tybourne Capital Management Ltd. can draw down an additional $500 million available from investors later this year as opportunities arise, said the people who asked not to be identified as the information is private. Tybourne Equity Fund started trading
07/15/2012
ETFs unlikely to soar in Asia
ETFs listed in Asia ex Japan have $67bn of assets under management, compared with almost $1.2tn for US ETFs.
07/15/2012
Top London-based hedge fund forms long-short equities team in Asia
Asia-Pacific including Japan and Australia now account for about 30 percent of global stock market value, according to data compiled by Bloomberg.
07/15/2012
GLG Forms Asia Equities Team Co-Led By Ex-GIC Manager
The team based in Hong Kong will be led by David Mercurio, who joined the London-based unit of Man Group Plc as the head of Asia equity and co-head of its global equity strategies from Government of Singapore Investment Corp.
07/15/2012
Hedge Funds Bet Right Before Longest Winning Streak: Commodities
The Standard & Poor’s GSCI Spot Index of 24 raw materials climbed for a third consecutive week, jumping 10 percent in the longest winning streak since Feb. 24.