Managers of Wealth Asia Pacific

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.

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.

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.

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.

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

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.

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.

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.

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

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

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.

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.

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.

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.

Blackstone Said To Bid For ING Asia With Ex-AIA Head

ING agreed to divest its insurance and asset management operations before the end of 2013 as a condition of receiving state aid.

UPDATE 2-Goldman redeploys Asia equity co-head Barg to Singapore

Barg, who was co-head of equity capital markets in Asia excluding Japan, will relocate to Singapore and join Hsin Yue Yong in the investment banking role, according to a memo seen by Reuters and confirmed by Goldman.

Super Fund commits $100 million to China fund

Super Fund chief executive Adrian Orr says the fund has been trying to develop these co-investment relationships for some time.

European banks turn to credit insurance in Asian market

Structured trade credit insurance covers the risk of non-payment from a buyer for goods and services or a borrower for trade-related loans.

Hong Kong regulators signal flexibility on derivative reforms

Regulators around the world are bringing in new rules to force derivatives that are traded over-the-counter to be centrally cleared and for data on those trades to be reported to them.

Nikko to feed Japanese taste for Aussie bonds

Chief executive Charles Beazley says the fund will target Japanese retail investors, who increasingly see Australia as something of a safe haven thanks to its stable economy and AAA rating.

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