Posts tagged with ‘singapore’

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Singapore consults hedge funds on stricter regulations

September 20, 2009

From the Wealth Bulletin, news that Singapore’s central bank is holding informal talks with hedge fund executives on ways to toughen up the regulatory regime for the city-state’s growing alternative investment sector, according to a report in the Financial Times. Industry sources say ideas being deliberated upon in the discussions include the introduction of minimum […]

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Fullerton aims to extend Singapore’s reach by wooing the European investor

September 7, 2009

The city state of Singapore punches well above its weight in the world of investment. Between them Temasek Holdings and the Government of Singapore Investment Corporation, the tiny nation’s twin sovereign wealth funds, manage an estimated $400bn (£245bn, €280bn) of assets.

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Boris tries to save london’s first place!

September 6, 2009

Boris Johnson, the Mayor of London, said he was “encouraged” on Wednesday after he took his fight against proposed EU regulation of hedge funds and private equity to Brussels.

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Singapore-based Hedge Fund, LionRock Capital, Eyes Family Offices, Endowments

August 24, 2009

According to Total Alternatives, Hari Kumar, co-founder of Singapore-based LionRock Capital, has begun approaching investors for its recently launched LionRock Master Fund. The multi-strategy fund launched on June 15 with $75 million of partners’ capital, but now Kumar, along with co-founders Ben Freischmidt and Julian Snaiph, are approaching family offices, endowments and funds of funds. […]

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Korean Firms Found Hedge Fund Platforms in Singapore and Hong Kong

August 19, 2009

From FINalternatives, news of the build up of hedge fund platforms in Singapore and in Hong Kong. As the Asian hedge fund industry rises from the ashes of last year’s huge losses and huge redemptions, a number of Korean financial services firms are hoping to play middleman in the resurgent space. Kookmin Bank, Industrial Bank […]

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New Asia-focused team at FrontPoint

August 17, 2009

FrontPoint Partners hired a new Asia-focused event-driven and special situations hedge fund investment team, led by portfolio manager John Foo. The Singapore-based team all came from Kingsmead Capital Advisors, which Mr. Foo founded. Joining him is Edgar Chia, analyst, and Hubert Yong, trader; they held similar positions at Kingsmead Capital, according to a FrontPoint news […]

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Singapore-based Asia Genesis to Close Hedge Funds

August 17, 2009

From Bloomberg, news that Singapore-based Asia Genesis, whose Japan Macro Fund has outperformed its peers, is to close its hedge funds and returning money to investors. “I need some time to recuperate from weak health,” founder Chua Soon Hock, 50, said in an e-mailed reply to queries from Bloomberg News. “In past years, I have […]

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Alternative investment management firm K-Atlas, based in Singapore, achieves spectacular returns in 2008

August 2, 2009

In February 2008, Korea Investment Holdings and Atlas Capital Management established K-Atlas Advisors, a Singapore-based manager of alternative investment funds, and the launch of K-Atlas Fund, a Singapore-domiciled alternative investment fund targeting hedge fund and private equity investments.

K-Atlas posted more than 70-percent cumulative return rates for 2008, despite the global economic meltdown.

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Recruitment starting again for hedge funds based in Singapore and Hong Kong.

July 31, 2009

Some good news on Asian Hedge Funds with new recruitment noted in Singapore and Hong Kong.

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Martin Currie Investment Management is reported to be about to launch an Asian marketing office in Singapore

July 28, 2009

From the Hedge Funds Club, Edinburgh-based Martin Currie Investment Management is about to launch an Asian marketing office in Singapore. The firm also plans to add a dealing desk in Singapore in the coming year.

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AIMA Singapore: Draft European Directive on Alternative Investment Fund Managers could significantly impact Singapore’s hedge funds

July 27, 2009

European Commission’s draft directive on Alternative Investment Fund Managers will make it unduly difficult for Singapore based alternative investment managers to access the European market, says the Singapore branch of the AIMA.

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Singapore keeps top spot in expat survey, HK slips

July 25, 2009

Singapore has retained its status as the best location for expatriates in Asia while Hong Kong has fallen behind Tokyo because of bad air pollution, an annual survey released on Wednesday shows.

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US authorities are probing NIR Group hedge fund based in US/Singapore says WSJ

July 24, 2009

U.S. authorities are probing whether Corey Ribotsky, Managing Member of NIR Group, a Roslyn, New York & Singapore based hedge-fund, defrauded investors about their returns and the holdings of his various funds, according to the WSJ.

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Most hedge funds failed to make money in June

July 21, 2009

Most strategies employed by hedge fund managers globally failed to generate any positive returns in June as stock markets moved sideways and commodity prices slid during the month. Nine out of thirteen strategies tracked lost money.

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Tribridge To Launch New pan-Asia Hedge Fund

July 20, 2009

Tribridge Investment Partners Ltd., a Hong Kong-based hedge fund manager, said Monday it will launch a new fund in August and hired John Liptak, former head of Bank of America Corp’s Asia special situations group, to run it. The new fund will have a pan-Asia focus and seek to identify mispriced or undervalued securities due to […]

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Deutsche Bank official reflects on the impact of the financial crisis on Asian wealth management

July 14, 2009

From The Business Times, Singapore comes news of the impact of the firestorm which hit the global financial industry, wiping out some US$3 trillion in market value, on one area, wealth management, which was particularly impacted .  Huge asset values – especially in structured products – were wiped out overnight. Mr Raju: Says this is […]

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Pacific Alternative Asset Management Company Names Two New Partners

July 10, 2009

PAAMCO a US$9 billion fund of hedge funds company, has announced that Dr. Philippe Jorion and Kemmy Koh, based in Singapore, have been promoted to partners. The promotions, respectively, highlight the firm’s expertise in risk management and Asian alternative investment strategies. “Philippe and Kemmy’s promotions recognize the unique contributions each of them have made to […]

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London Mayor: Hedge Fund might leave London for Singapore

July 9, 2009

I know, it sounds like a tabloid headline but basicaly not too far from the truth Mayor warns EU not to strangle world’s premier financial centre The Mayor of London, Boris Johnson, today called on the Government to help him resist the EU Commission’s dangerous plans to regulate financial services. He fears that the plans […]

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Who said a Risk Conference could not be sexy?

June 24, 2009

A bit of publicity never did hurt anyone so here it is: my good friends at the Risk Management Institute of the University of Singapore are holding their third annual risk management conference in Singapore on the 16-18 July 2009. I am, in fact, pleased to be invited and looking forward to it: Third Annual […]