The fund is an Asia-focused FMP.
When approved, the firm will have four products distributed under the MRF scheme.
The firm believes there are opportunities for selling private funds in the Greater Bay Area.
But the hope is that a July change in Cayman Islands regulations will steer hedge and private fund managers toward locally-domiciled funds.
Managers who want to profit from China’s rapidly opening financial sector will face unavoidable challenges, according to Eleanor Wan, CEO of BEA Union Investment Management.
BEA Union hires, so does T Rowe Price; changes at Value Partners and FE; LGT goes to Thailand; Standard Chartered’s fund portal; Beating the marketing; Europe and Japan; Biscuits from Robeco and much more.
Changes at Bea Union; CA Indosuez is hiring; UBS shutdown costs; Jack Ma on Europe; New funds on FSM One; OCBC Wealth woes; Chinese ratings agencies, advertising and much more.
With more global fund houses setting up wholly foreign owned enterprises (WFOEs) in China, finding enough of the right staff is likely to be difficult and expensive.