Tag Archives: hong kong
Hong Kong regulator freezes hedge fund assets
Reuters – The Hong Kong Securities and Futures Commission (SFC) said on Tuesday it had commenced proceedings against 11 defendants related to Descartes Athena Fund SPC, a hedge fund that the regulator is investigating for allegedly falsifying accounts after liquidating […]
Demand for Hedge Fund Separate Accounts ‘a Knee-Jerk Reaction’
Bloomberg – Hedge fund investors’ growing demands for separate accounts may be an overreaction to increasing redemptions and fraud, participants said at an industry conference in Hong Kong this week. Investors are demanding accounts that allow them to tailor investments, […]
Hedge Fund’s Book May Have Fallen 75%, FRM’s Tomlinson Says
Bloomberg – Assets owned by hedge funds including borrowings may have fallen by 75 percent to a decade- low, with less competition paving the way for better returns, said Blaine Tomlinson, chairman of Financial Risk Management Ltd. The total book […]
DragonBack Reopens Fund to Investors as Redemptions Cut Assets
Bloomberg – DragonBack Capital Ltd., a Hong Kong-based manager co-founded by a former Lehman Brothers Holdings Inc. executive, reopened its flagship hedge fund to investors after redemptions cut assets in the fund. Assets in the Asia-Pacific Equity Multistrategy Fund fell […]
DragonBack Reopens Fund to Investors as Redemptions Cut Assets
Bloomberg – DragonBack Capital Ltd., a Hong Kong-based manager co-founded by a former Lehman Brothers Holdings Inc. executive, reopened its flagship hedge fund to investors after redemptions cut assets in the fund. Assets in the Asia-Pacific Equity Multistrategy Fund fell […]
US hedge fund manager arrested in Hong Kong
International Herald Tribune – A Silicon Valley hedge fund manager has been arrested in Hong Kong on charges that he bilked investors out of at least $5 million. According to a criminal complaint unsealed Wednesday in San Jose federal court, Albert […]
Penjing Asset Says It May Not Get Performance Fees Until 2010
Bloomberg – Penjing Asset Management, a Hong Kong-based hedge fund of funds manager overseeing about $520 million, said it may not get any performance fees until next year, and declining income will restrict staff bonuses. The company, which ran the […]
Asia markets trade higher
TREND Information – Major Asia and Pacific markets traded higher Tuesday in the waning days of a dismal year, reported CNN. In Tokyo, the Nikkei closed 1.3 percent higher during an abbreviated final trading day of 2008. Despite the positive […]
Asian hedge funds step in as global players flee
Forbes – The investment banks and global hedge funds that are the usual buyers of debt and equity in struggling Asian companies have largely fled the market, leaving the distressed asset space to home-grown investors. Local players with the cash […]
