A series of monetary easing measures coupled with the launch of the Stock Connect in November last year has led to a sharp surge in mainland equities. The overheating in the market has led to several fund houses warn about a correction. Morgan Stanley Investment Management recently cautioned on a likely bubble in the onshore market. Friday, […]
Tag: Hong Kong
UBS Wealth to open second Hong Kong office
The firm’s new office will be located in the Tsim Sha Tsui district, across the harbour from Central, where UBS has its main office. UBS intends to serve clients on the Kowloon side of Hong Kong who have investable assets of $5m-$25m. The office opening is planned for the first quarter 2016 and will employ […]
Mirae eyes China hk crossborder scheme
Mirae Asset Global Investments intends to distribute its products through the mutual recognition of funds initiative between China and Hong Kong, according to Jung Ho Rhee, chief executive and director of Hong Kong business.
SFC reveals public list of ‘cold shoulder’ orders
The new register, displayed on the homepage of the SFC’s website, names persons or companies who are the subjects of current cold shoulder orders made by the courts, the market misconduct tribunal or the takeovers panel. New York-based Tiger Asia Management is one such company appearing on the list. The hedge fund was slammed with a […]
Natixis in Asia retail push
The firm aims to launch up to ten funds in Asia in the next 18 months targeting retail investors, according to Madeline Ho, managing director, head of wholesale fund distribution for Asia Pacific at Natixis Global Asset Management..
Asia’s unexamined small caps are a sea of opportunity
“The number of small-cap companies are increasing. Some local brokerages are bringing in new initial public offers in Korea. New companies are definitely coming up in Hong Kong and China, and India has so many small-caps,” Csellak told Fund Selector Asia. That creates potentially more undiscovered gems for small cap investors willing to do the […]
HSBC to base Henry Lee in UK as global head of alts
Lee will move from Hong Kong to London as part of the promotion, according to several reports. He will continue with his current responsibilities as global head of discretionary investments for the private bank. He will also grow the bank’s alternatives business and embed the alternatives product portfolio – which includes hedge funds, real estate […]
BMO clusters ETFs to offer portfolio strategies
Prakash said BMO is not putting funds together, but portfolio strategies that are actually implemented by the intermediaries. “The implementation happens with respect to the intermediary using their platform and clients benefit from the asset allocation decision. We would work with intermediaries so they are able to offer this to their client base.” ETFs have […]
The HKG government plans another sukuk bond
In connection with a potential second US dollar sukuk, the government said it has given several mandates. HSBC and Standard Chartered Bank are joint global coordinators, joint lead managers and joint bookrunners, and CIMB and National Bank of Abu Dhabi PJSC are joint lead managers and joint bookrunners. This month, the parties will arrange a […]
Edmond de Rothschild’s Hong Kong CEO quits
The bank confirmed to Fund Selector Asia that Chan has resigned, but said she has not yet left the firm. No further details were disclosed.
