Managers of Wealth Asia Pacific

Veteran Hong Kong hedge fund closes after 28% loss

A veteran Hong Kong hedge fund has joined the ranks of Asia's shuttered hedge funds.

Bank of China moves closer to LME membership

The 130-year-old metals bourse said on Friday it had received a "good number" of first-round bids ahead of an LME board meeting on February 23.

UBS facing real estate headache in Hong Kong

UBS has limited options, people involved in the real estate market said, and is set for some tough negotiations with its landlord, MTR, which runs Hong Kong’s subway and owns the main space UBS occupies.

CIMB-Principal Asset Management Wins "Best Overall Fund Group Award"

He said CIMB-Principal would continue to develop products and expertise as a regional house and strengthen retail and business growth not just in the four core markets, but across Asean.

Ex-Morgan Stanley Asia debt head seeks up to $1bn for fund

Asian hedge funds had net inflows of $6.6 billion last year, bringing total assets to $82.1 billion as the total number of funds increased 4 percent to 1,100, according to Chicago- based Hedge Fund Research Inc.

Why are 8 firms bidding for loss-making Fidelity’s India assets?

What’s surprising is how many firms are scrambling to grab what’s up for sale.

Korea’s Truston to launch Asia long/short fund

Hwang Sung-taek, co-founder and CIO at Truston in Seoul, says this is the second hedge fund to be run by the firm.

Abu Dhabi fund eyes sale of $1.3 bln Malaysia bank stake - sources

The fund had engaged in early talks with Japan's Sumitomo Mitsui Banking Corp (SMBC), they said.

Cargill hires banks in Asia for $1bn credit facility

Proceeds will be used to refinance a $1.25 billion facility which matures in March, the person said.

Private sector lender enters into partnership with DBS Bank

AxisRemit Online is the bank's online money transfer service, which enables NRIs in USA, UK, Singapore, Australia, Euro Zone, UAE, Canada and Hong Kong to send money to any bank account in the country.

Prudential hires Merrill to advise on ING Asia bid

Investment banks are competing hard for a role in the deal and a cut of an estimated $60 million in combined deal fees, according to consultancy Freeman & Co.

Hollywood to Be Wooed by $800 Million Chinese Media Fund

The $800 million-fueled private equity fund, the Harvest Seven Stars Media Fund, aims to invest in studio projects with an eye to bringing them to the wider Asian market and mainland China.

Global price benchmark for black pepper set for launch

THIS Friday will mark the launch of the first global black pepper futures contract by Singapore Mercantile Exchange (SMX).

Fidelity considers exit

Fidelity, One of the world's largest mutual funds, wants to sell off its business in India and get out of the country.

Credit Suisse’s AM Releases Q1 2012 Alternatives Quarterly

Mr. Keitel believes that equity markets are further trending in positive direction due to improved global macroeconomic conditions, stabilizing policy measures taken in Europe, and the European Central Bank’s strong liquidity support for Eurozone ba

Wealthy Investors Shrug at Facebook IPO After Private Buys

Facebook, the world’s biggest social-networking service, filed yesterday to raise as much as $5 billion in the largest Internet IPO.

Ader Investment Management launches hedge fund business accelerator

AIM is seeking to act as a business accelerator for asset management firms led by experienced portfolio managers that are poised to gain scale and have a proven, definable edge.

Leading global hedge fund administrator expands into Asia Pacific

Building on the success already established in North America and Europe, the expansion reflects the increased importance of bringing fund services to Asia and the Pacific Rim, given an environment where there is an increasing focus on operational efficien

BMO Investments Inc. Announces Portfolio Management Changes

BMO Investments has announced that the portfolio managers for BMO Greater China Class, a class of shares of BMO Global Tax Advantage Funds Inc. and BMO Emerging Markets Fund will change.

Crunch time for private equity firms as chickens come home to roost

According to guidelines adopted by private equity funds in Australia, individual assets are valued according to a formula that estimates their mark-to-market valuation.

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