Executives also announced the firm’s entry into Hong Kong’s retail mutual fund market with the launch of seven Sicav funds.
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Executives also announced the firm’s entry into Hong Kong’s retail mutual fund market with the launch of seven Sicav funds.
The handful of global managers with private fund management licences compete against 23,000 domestic players. How can they reach more investors?
The British quant fund manager is the latest firm to register its private fund management (PFM) product onshore, according to the Asset Management Association of China (Amac) database.
The US firm is reportedly about to join other global asset managers in applying for a private fund management (PFM) license in China, according to local media.
Fixed income specialist Income Partners hopes to make a big splash in China’s onshore market, says Emil Nguy, chairman, chief executive officer and chief investment officer at the Hong Kong-based firm.
Italy’s Azimut has registered its first private securities fund with the Asset Management Association of China (Amac) after obtaining approval in February.
Global asset managers are setting up in China, but lack of an onshore track record and brand recognition are among the challenges they face with onshore distribution, according to Aberdeen Standard and Fullerton.
Despite a 1H profit slide, Hong Kong-listed Value Partners said it intends to open offices in Malaysia and the US and possibly launch a ‘core China’ fund in Europe.
Chinese authorities have simplified procedures for Taiwan professionals to work in the fund industry and are now offering the exams in English.
Barings, Income Partners and Van Eck Associates have recently set up in China, while three other firms secured a licence to distribute funds to domestic professional investors.
Part of the Mark Allen Group.