All Entries in the "Buy Side" Category
Winners of the 2012 TFF-Bloomberg Best Fund Award in Taipei
Bloomberg LP and the Taipei Foundation of Finance (TFF) announced March 7 the winners of the 2012 TFF-Bloomberg Best Fund Award in Taipei. The award recognizes asset management funds for their track record of success, growth and resilience and for promoting transparency and openness in Asian capital markets. More than 1,150 funds were qualified to [...]
Sebi May Make MTM in Liquid Funds Compulsory In a Year
Documents released by the Securities and Exchange Board of India (Sebi) on Thursday February 23 show the mark-to-market (MTM) valuations norms for liquid mutual funds could be extended to all securities within one year. The Mutual Funds Advisory Committee had recommended implementation of MTM valuation norms in three phases, the agenda papers of the board [...]
ASIC Releases Draft Disclosure Guidance for Hedge Funds
ASIC released February 23 for consultation draft regulatory guidance with new disclosure benchmarks and principles for hedge funds to improve investor awareness of the risks associated with these products. The guidance, contained in Consultation Paper 174 Hedge funds: Improving disclosure — Further consultation (CP 174), sets out the specific features and risks of hedge funds [...]
BNP Paribas Securities Services Implements Mandate from Harvest Global Investments
BNP Paribas Securities Services (BNP Paribas) announced February 22 that it has implemented a mandate from Harvest Global Investments (Harvest) to launch an emerging market fund investing in Mongolia, making it the first global custodian to support foreign investments in this Asian frontier market. Harvest, China’s second largest asset manager with USD37 billion in assets [...]
Theoria Capital Management Extends Use of Orc for High Frequency Trading on Asian Markets
Orc Group AB, a leading provider of technology and services for the global financial industry, announced February 7 that the Singapore-based fund management company Theoria Capital Management Pte Ltd. (Theoria Capital) has added Orc Liquidator to their existing Orc infrastructure to further support their increasing trading needs in Asia. The order was booked in Q4, [...]
CSRC to Open Securities to Pension Funds
Guo Shuqing, head of China’s top securities regulator, reiterated on Thursday his goal of opening stock investment to the country’s pension funds, which have largely been unmanaged with returns that hardly beat inflation. There would be an “active push for pension and housing provident funds to be invested in the securities market”, said the chairman [...]
Managed Funds to be Electronically Traded in Australia – Calastone
Calastone, the independent transaction network for the managed funds industry, announced January 18 the company had begun processing electronic trades of managed funds for Australian clients in January 2012. Calastone, the established service provider in the UK and Europe, provides a unique messaging hub for the managed funds industry enabling organisations to electronically connect to [...]
Korea Sovereign Fund Allowed to Invest in Chinese Stock Market
South Korea’s sovereign wealth fund has received qualified investor status from China, opening the door for investment in its stock markets, the finance ministry said Friday. Korea Investment Corp. (KIC) received the status of “qualified foreign institutional investor” (QFII) from the China Securities Regulatory Commission, according to the ministry.
Citigroup Sues Singapore Hedge Fund Manager
Citigroup Inc. (C)’s Singapore unit sued Hong Kong-based hedge fund manager Raghavendran Rajaraman, seeking to recoup $1.03 million in trading losses the bank says he incurred after gold fell from a record high in September. Rajaraman had $19.2 million worth of gold in his account on Sept. 23 which the bank sold, along with other [...]
Juggernaut Capital Management Selects Imagine Software For Risk Management
Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, announced December 19 that Juggernaut Capital Management selected its award-winning, cloud-based ASP service for portfolio management, real-time P&L, and risk exposure analysis. Investing primarily in Asian equities, Singapore-based Juggernaut employs an opportunistic set of strategies including long/short equity, event-driven, and tactical short-term [...]
