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Please find enclosed a Market Newsletter recapping and compiling various news within the
Buy-side market over the past month.
Additional content includes:
Market News & Performance
Interesting Articles
Market Round –Up
In this issue…..
March 2016
The Buy-side Newsletter
Hong Kong’s securities regulator issued a 1 year ban on
Raaj Shah, who co-founded hedge fund firm Matchpoint in
2009.
Shah is banned from re-entering the industry until March
2017, the SFC said in a statement. He has concealed 2 of
his 3 personal accounts between Jan 09 to May 2014.
Matchpoint Investment Management Ex-CIO, Founder Banned
Asian Bank DBS Eyes Hedge Funds
Standard Life Investments eyes Multi-Asset Launches in Asia
Standard Life Investments is to launch a multi-asset growth
fund for institutions in Asia and is creating a balanced fund
focused on the region, says investment director Malcolm Jones
DBS Bank, the Asia-Pacific region’s eighth-largest private bank
whose wealth management arm has assets of $133 billion, is un-
derstood to be looking at more hedge fund strategies for clients.
Volatile markets are thought to have pushed clients towards a
more diverse product set, with multi-strategy and credit hedge
funds in particular demand.
The Buy-side Newsletter
Based in the Hong Kong office, John McCareins is now responsi-
ble for overseeing Northern Trust’s Asset Management activities
across Asia, Australia and New Zealand.
McCareins reports functionally to Wayne Bowers, head of North-
ern Trust Asset Management, EMEA and APAC and locally to
William Mak, Head of Northern Trust in APAC.
McCareins has more than 18 years of investment experience, most
recently as head of the Retirement Practice Outsource Chief In-
vestment Officer business within Northern Trust’s Multi-Manager
Solutions Group
Northern Trust Asset Management names new MD of APAC
How Japan Became a Hedge Fund Wasteland
The Buy-side Newsletter
“Demand for hedge funds is about to skyrocket in Japan, but don’t expect supply to follow suit.”
So says Ed Rogers, head of Rogers Investment Advisors, who kept his business alive in Tokyo when the
financial crisis forced many of his peers to shut down.
This is taken from an article on Bloomberg's website. I found it quite interesting and if you have not man-
aged to read it just yet, please find the link below:
http://www.bloomberg.com/news/articles/2016-04-11/survivor-in-japan-hedge-fund-wasteland-says-
tokyo-has-to-change
“Barriers to entry and failure rates have been rising in the ‘ridiculously concentrated’ hedge fund sector, but
Greater China managers are a bright spot” says Jo Murphy, Asia-Pacific MD of CAIA
Times are tough for hedge funds—especially newer and smaller players but Chinese managers have been
prospering of late.
In 2015, there were 785 new launches of hedge funds globally, not a great deal more than the 674 liquida-
tions, according to Hedge Fund Research. That compares to 1,113 launches and 775 liquidations in 2011
and even more strikingly 2,073 launches versus 848 liquidations in 2005.
If you would like to read the full article from Asian Investor, please find the link below:
http://www.asianinvestor.net/News/407085,china-hedge-funds-boom-amid-sector-struggles.aspx?
eid=13&edate=20160412&utm_source=20160412&utm_medium=newsletter&utm_campaign=daily
_newsletter
China Hedge Funds Boom Amid Sector Struggles
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Hong Kong
+852 3653 1009
BosValen Master Fund, a pan-Asian Long/Short Equity Strategy, gained 2.5% in March fol-
lowing a rebound in stock markets in China & Japan, with the benchmark MSCI China Index
up 11% during the month.
Willy Lan, former Portfolio Manager at Och-Ziff Capital Management, has launched his own
investment vehicle called Wonder Capital. The firm received its Asset Management license
from the Hong Kong Regulator in March.
Dubai based Centaur Asset Management has launched a new office in Hong Kong as part of
it’s expansion into Asia. The Asset Manager and Advisory company has a total AUM of $500
million USD.
Pictet Asset Management targets WFOE Multi-Asset build out. The Swiss fund house has
applied to register its first fund in Hong Kong with an eye on mutual recognition and other
business. It is also planning a multi-asset hire and a China presence.
Schroders sets up China branches whilst others mull over similar moves. The UK Fund
House has set up offices in Beijing & Shanghai free trade zones, and as many as 15 more are
said to be making similar moves or considering doing so
China’s Ping An Insurance plans to add managers and boost exposure to foreign and proper-
ty assets. It expects to have an extra Rmb250 billion to invest this year.
The Market Round Up
The Buy-side Newsletter
