Search
Eurekahedge - Other Products and Services
Fund Of Private Equity Fund Database Free Trial

Hedge Fund News

EH Report

Capital Raising Suite

‘Mizuho-Eurekahedge Index’ goes live

Asian Hedge Fund Awards

Industry Events Calendar

Fund Launches and Closures

Archive



Eurekahedge
Eurekahedge Hedge Fund Indices
Hedge Fund Monthly

Hong Kong - Hedge Funds for the Retail Market
Eurekahedge

October 2002

On the 28th of November the Hong Kong Securities and Futures Commission authorised the first retail alternative investment funds for the Hong Kong market. Two single-strategy hedge funds from JF Asset Management and one fund of funds from the HSBC stable of products have been approved by the regulators for sale to retail investors.

The single-strategy vehicles are the JF Asia Absolute Return Fund and the JF Greater China Absolute Return Fund, of which the latter is a new launch from JF Asset Management. The funds will be solely distributed by JF Funds with no intermediary sellers. The new fund will be run by Chung Man Wing, head of JFAM's China team.

HSBC could not be immediately contacted for more details on the fund of funds.

Though the magic number 3 has been widely reported in the press, the SFC has gone to great pains to let people know that there are many more applications in the pipeline. Other guidelines were issued on the marketing of hedge funds and the education of investors. The SFC has published a leaflet called 'Ten Questions to Ask before Investing in a Fund', a follow-up to 'How Much Do You Know about Hedge Funds?' published earlier this year.

The SFC has also taken this opportunity to remind intermediaries of their obligation to only recommend appropriate products to their clients.

The question for the established, boutique offshore hedge fund community has to be whether to register their current funds for the retail market.

Most of the hedge fund managers in Asia run fairly small boutique businesses. The idea of establishing the large back-office and operations departments necessary to service large numbers of clients is alien to these managers. Some service providers are beginning to provide solutions to this problem by supplying both systems and the large back-office service needed to cope with a retail client base.

Hedge funds run by long only houses with experience in dealing with many small clients, and which are already retail funds in the market, seem best prepared to move into this market.

We perceive that the majority of independent managers, rather than be in the first wave, are taking a 'wait-and-see' approach. They would like to see if the retail market buys into the concept and how much money is raised before committing themselves.


If you have any comments about or contributions to make to this newsletter, please email advisor@eurekahedge.com

[Top]




 
Industry News
 
     
  The Eurekahedge Report - April 2014  
     
  Asset Flows Update for the Month of March 2014  
     
  Hedge Fund Performance Commentary for the Month of March 2014  
     
  2014 Key Trends in European Hedge Funds  
     
  The Billion Dollar Interview with David Harding, Chairman and Chief Executive Officer at Winton Capital Management  
     
  Interview with Vincent Lam, Chief Investment Officer at VL Asset Management  
     
  A Supportive Environment for Vietnamís Stock Markets  
     
  Derivative Regulations for Swiss Pension Funds  
     
  Russia: A Vast Opportunity for Islamic Finance  
     
     
     
     
Eurekahedge Hedge Fund Manager Travel Plans

Copyright © 2014 Eurekahedge Pte Ltd.
Use of this site is subject to our terms and conditions of use.