The Securities and Futures Commission has recovered HK$191m ($24.6m) of assets from the Cayman-domiciled Athena Fund, which was a product from asset manager Descartes Athena Fund SPC. “The SFC alleges the Athena Fund was an outright fraud,” said Mark Steward, the SFC’s executive director of enforcement. “Our action to have the assets frozen prevented them […]
Tag: Hong Kong
Hong Kong share rally
Market turnover in Hong Kong broke a record this week as a multi-day rally continues. But according to Schroder Investment Management, the momentum is not based on fundamentals.
Hong Kong China double taxation
Hong Kong and mainland China have agreed to exempt Hong Kong-based investors from double taxation on capital gains derived from investments in Chinas stock markets.
Asia’s client base is underserved
The needs of the available client base in Asia are not being met, even as the region’s wealth management industry continues to grow, said Kevin Liem, chief investment officer of TTG Wealth Management.
Hong Kong hedge fund managed assets
Total hedge fund AUM in Hong Kong has surpassed its $90bn peak in 2008, driven by institutional investment, according to a Securities and Futures Commission report.
China funds can invest without QDII
China’s mutual funds are now permitted to invest in Hong Kong shares using the Shanghai-Hong Kong Stock Connect programme, according to the China Securities Regulatory Commission.
Value Partners unveils China Ashare ETF
Value Partners has launched a China A-share ETF, which will track the FTSE Value-Stocks China A-Share Index.
Digital marketing in Asian fund industry
Retail investors in Greater China rank fund house websites as the top source of investment information, and digital tools are beginning to get traction among fund houses, according to a Cerulli Associates survey.
HSBC GAM volatility focused equity product
HSBC Global Asset Management has unveiled an equity product, which aims to protect investors from market volatility.
HKG wealth management growth outpacing talent
The growth in wealth management services in Greater China is driving strong demand for more professionals, but expertise is lacking, according to the Hong Kong Society of Financial Analysts.
