Winton Capital rolls out quant products while Alliance Bernstein, Allianz Global Investors and DE Shaw receive private fund management (PFM) licences in China

Winton Capital rolls out quant products while Alliance Bernstein, Allianz Global Investors and DE Shaw receive private fund management (PFM) licences in China
China International Capital Corporation (CICC) has launched Hong Kong’s first active ETF.
UOB Asset Management has launched the United Global Innovation Fund in Singapore.
The strategy, which includes EMEA, will have co-managers in Singapore and Boston.
Netherlands-based Aegon Asset Management has signed an MOU with the Shanghai Lujiazui Administration Bureau to establish a wholly foreign-owned enterprise (WFOE).
The fund will have IFC as an anchor investor and the managers will look for non-financial sector green bonds issued by developing countries.
The Tencent-backed firm has had its third fund approved by the Hong Kong regulator.
The move comes after the Securities and Futures Commission (SFC) relaxed rules on inverse products.
The firm joins the likes of Fidelity and Value Partners, which have so far launched the most number of onshore private funds in the mainland.
The new wealth management subsidiaries may provide business opportunities for foreign players that have a private fund management licence in China.
Part of the Mark Allen Group.