Hong Kong’s Securities and Futures Commission said two Value Partners funds issued shares exceeding the authorised limit and the firm did not report the incident in a timely manner.
Category: News
China can weather US protectionism
US rhetoric aside, there are good reasons to be optimistic about China’s growth in 2017, according to Ed Smith, asset allocation strategist at Rathbones.
China’s top hedge fund manager jailed and fined $1.6bn
Xu Xiang, dubbed ‘Hedge fund brother no.1’ in China, was put in prison for five-and-a-half years and fined a reported RMB 11bn ($1.6bn), for market manipulation.
Asian investors pour into multi-strategy funds
Multi-strategy funds gained the most net inflows from Asian investors for the full year 2016, while global bonds bled the most, according to data from Morningstar.
Asia banks take dominant position in Dubai’s DIFC
Chinese, Japanese and Indian banks now occupy the top slots in the Dubai International Financial Centre (DIFC) in terms of total assets, the chairman of the centre’s regulator has told a forum in Hong Kong.
Best and worst equities funds in 2016
Brazil, Russia and commodities funds were among Asia’s best performers in 2016, while China funds were among the worst.
Pimco names new APAC head
Seventeen-year Pimco veteran Kimberley Stafford will be new head of Asia-Pacific, based in Hong Kong.
Pictet fund targets robotics trend
The firm’s robotics-themed fund is tied to cyclicality and capex spending, which is linked to a country’s economic health, according to Peter Lingen, Pictet Asset Management’s Geneva-based senior manager for thematic equities.
MRF reports $1.1bn in first-year sales
After the first full year of operation, the Mutual Recognition of Funds scheme had net sales of about $1.1bn, the bulk of that from northbound fund sales.
SLI: US corporate tax cuts not priced in
US corporate profits are expected to grow 5-15% on average this year, said Andrew Milligan, Standard Life Investments’ Edinburgh-based head of global strategy.
