Hedge Fund

Son-in-law of Chinese vice-premier sets up Hong Kong fund

Vice Premier Wang Yang. His son-in-law Nicholas Zhang has recently set up a new hedge fund in Hong Kong. Photo: Reuters

Vice-Premier Wang Yang's son-in-law recently launched a Hong Kong-based hedge fund focused on mainland equities, joining a growing number of young family members of top officials who have set up asset management businesses in the city.

Thursday, 18 July, 2013, 8:39am 6 comments

'China's George Soros' joins Hong Kong firm

George Soros heads Soros Fund Management, which Dai Jixin left last year after the firm became a family office. Photo: Reuters

Dai Jixin, a former manager of Soros Fund Management, plans to start a new hedge fund in Hong Kong backed by a trader dubbed "China's George Soros", according to company filings.

10 May 2013 - 5:30am

The Week Explained: Overconfidence

How some fund managers view the world.

Hedge fund managers often regard themselves as the masters of the fund management universe.

28 Jan 2013 - 7:21am

2012: How Wall Street got it wrong

In a year of financial mis-forecasting, Morgan Stanley predicted Standard & Poor's 500 Index would lose 7 per cent in 2012. Photo: Bloomberg

From hedge fund manager John Paulson's call for a collapse in Europe to Morgan Stanley's warning that US stocks would decline, Wall Street got little right in its prognosis for the year just ended.

5 Jan 2013 - 3:13am

Bill Hwang guilty of illegal trading at Tiger Asia Management

Bill Hwang, founder of Tiger Asia Management, leaves court with his attorney Lawrence Lustberg in New Jersey. Photo: Bloomberg

Tiger Asia Management, the New York-based hedge fund run by Bill Hwang, admitted illegally using inside information to trade Chinese bank stocks and agreed to criminal and civil settlements of more than US$60 million.

14 Dec 2012 - 3:00am

Hedge-fund managers may emerge as real winners of Japan's poll

Shinzo Abe

This may be the election that Japan bears such as Kyle Bass have been waiting for.

12 Dec 2012 - 2:58am

Chinese funds head to Ireland to crack Europe

Chinese funds head to Ireland to crack Europe

China's top fund managers are showing a strong appetite for opening back offices or having funds registered in Dublin, to pave the way to issuing fund products across Europe and even globally.

26 Nov 2012 - 2:22am

There is little comfort from the line-up of main investors

A highly regulated environment

The initial public offering of the mainland's largest general insurer, People's Insurance Company (Group) of China (PICC), raises lots of doubts.

The firm is trying to answer them with a US$500 million investment by American International Group. Yet, can it?

24 Nov 2012 - 3:59am

Where now for the Hong Kong dollar?

A security guard at the Hong Kong Monetary Authority headquarters. Some investors are betting the peg will go. Photo: Bloomberg

Hong Kong's determination to maintain its exchange-rate peg to the US dollar has the confidence of currency-forward traders even as it fails to sway hedge-fund investor William Ackman.

The founder of New York-based Pershing Square Capital Management said at the weekend that he was keeping a wager that would profit if Hong Kong let its currency appreciate.

23 Oct 2012 - 4:19am

Pandit quits as Citigroup's chief

Vikram Pandit says it is time for someone else to lead Citigroup.

Citigroup chief executive Vikram Pandit resigned abruptly yesterday, effective immediately, a shock change at the top of the No 3 US bank the day after a surprisingly strong quarterly earnings report.

Analysts and investors quickly raised red flags about the timing, saying it did not appear to be a natural transition and rather suggested some sort of dispute at the bank.

17 Oct 2012 - 3:26am

1823 Call Centre is no ringing endorsement

Fight Nite is in its sixth year.

We may have been overly exuberant as to the merits of the government's 1823 Call Centre. We recently heard from a reader who came away less than impressed after complaining to the call centre about undergrowth encroaching on to the pavement near a school, which was used by children from 5 to 11 years old.

13 Oct 2012 - 5:19am

Private deals cornering theIPO market

In bearish markets, more often than not, the trick to getting a big or small company listed on the stock market is quietly finding a group of investors with a healthy appetite - before the shares go on sale to the public.

30 Jul 2012 - 12:00am

Quick fixes for ailing IPO market

Closing IPOs is challenging in these tricky markets. Hong Kong has had its fair share of new listings pulled, delayed or indefinitely postponed over the last year. The Securities and Futures Commission's response has been to turn the screws on new issue sponsors and, now, on auditors.

What is also needed, I would argue, is more flexibility to generate investor demand.

25 Jun 2012 - 12:00am

Asia private equity recovery continues

Enthusiasm for yuan-denominated private equity funds is tapering off in China because of regulatory uncertainty but the sector in Asia overall is recovering almost to pre-crisis levels, according to a McKinsey survey.

5 Jun 2012 - 12:00am

Hontex challenges SFC case for IPO refund

Suspended sports-fabric maker Hontex International Holdings has called on the High Court to reject a lawsuit from the securities regulator seeking to force it to pay HK$1 billion in compensation to investors, arguing that the regulator lacked the hard evidence to prove its allegation the company's prospectus overstated its business.

5 Jun 2012 - 12:00am