https://www.scmp.com/rss/508773/feed News and analysis about these pooled investment funds that are usually mandated to make extensive use of complex trading, portfolio, risk management techniques, including short-selling, algorithmic transactions, leverage and derivatives. Hedge funds usually have a higher barrier to entry, and promise higher returns for higher risk. They are also usually subject to different risk-management regulations. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Aileen Chuang Aileen Chuang Private equity and other investment firms remain broadly optimistic about deploying capital in acquisitions and initial public offerings (IPOs) globally, supported by ample dry powder and diversification efforts while keeping a close eye on geopolitics, according to senior investment bankers. As geopolitical uncertainty had become a constant factor in the global market in recent years, “we are broadly optimistic about the opportunities”, Ashu Khullar, head of global asset managers at Citigroup,... https://www.scmp.com/business/banking-finance/article/3345981/investment-firms-remain-upbeat-deals-despite-geopolitical-tensions-bankers-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345981/investment-firms-remain-upbeat-deals-despite-geopolitical-tensions-bankers-say?utm_source=rss_feed Mon, 09 Mar 2026 09:45:08 +0000 Coco Feng Coco Feng High-Flyer Quant, co-owned by DeepSeek founder and CEO Liang Wenfeng, recorded a return of 56.6 per cent last year to rank second among China’s 10 top-performing large hedge-fund firms. According to the ranking published on Monday by data provider Shenzhen PaiPaiWang Investment & Management, High-Flyer only trailed behind Lingjun Investment, which posted a return of 73.5 per cent in 2025. All the top performers were quantitative hedge funds, underscoring the popularity in China of using complex... https://www.scmp.com/tech/tech-trends/article/3339633/deepseek-founders-high-flyer-ranks-among-chinas-top-hedge-fund-firms-2025?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3339633/deepseek-founders-high-flyer-ranks-among-chinas-top-hedge-fund-firms-2025?utm_source=rss_feed Mon, 12 Jan 2026 13:02:30 +0000 Anthony Rowley Anthony Rowley People love to hate governments, and they loathe having to pay taxes. However, from now on, we’ll have to embrace more state intervention and the need for higher taxes or else legislate a more dirigiste system of directing personal savings into investment that isn’t so dependent on markets. This can be either done preemptively or in response to the next financial crisis. It goes without saying that the former course of action is surely preferable to the trauma that will be experienced in the... https://www.scmp.com/opinion/world-opinion/article/3336062/climate-change-health-global-problems-need-investors-step?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3336062/climate-change-health-global-problems-need-investors-step?utm_source=rss_feed Sat, 13 Dec 2025 08:30:08 +0000 Cheryl Arcibal,Themis Qi Cheryl Arcibal,Themis Qi A company associated with Vincent Gao Leyi, the founder of Hong Kong-based hedge fund CoreView Capital, has bought a luxury home in the city’s Southern district for about HK$579 million (US$74.3 million), according to official records. Matrix Properties was identified as the buyer of House 6 at the upscale development No 15 Shouson Hill in one of the city’s most exclusive enclaves, Land Registry documents showed. According to the Companies Registry, Gao serves as a director of Matrix Properties... https://www.scmp.com/business/companies/article/3333521/hong-kong-hedge-fund-founder-buys-luxury-home-shouson-hill-us743-million?utm_source=rss_feed https://www.scmp.com/business/companies/article/3333521/hong-kong-hedge-fund-founder-buys-luxury-home-shouson-hill-us743-million?utm_source=rss_feed Thu, 20 Nov 2025 07:17:32 +0000 Aileen Chuang Aileen Chuang Chicago-based Adams Street Partners launched its Hong Kong office on Monday, joining a wave of Western investment firms setting up to take advantage of the city’s position as a gateway to international capital and cross-border deal making. “There’s an increasing number of private equity firms, growth equity [and] venture capital, that have a reason to be here in Hong Kong – kind of a Hong Kong nexus,” said Jeffrey Diehl, the firm’s managing partner and head of investments, in an interview. With... https://www.scmp.com/business/banking-finance/article/3332969/wave-hong-kong-openings-western-investment-firms-continues-adams-street?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3332969/wave-hong-kong-openings-western-investment-firms-continues-adams-street?utm_source=rss_feed Mon, 17 Nov 2025 00:30:09 +0000 Yulu Ao Yulu Ao Major US fund managers stayed cautious on China in the third quarter, with Oaktree Capital Management rebalancing its exposure to both equities and convertible bonds tied to Chinese firms, while Appaloosa – founded by billionaire investor David Tepper – made selective adjustments. Oaktree Capital, founded by notable investor Howard Marks, sold all of its 1.5 million shares valued at US$26.8 million in KE Holdings, a Chinese online property platform, in the third quarter, according to its latest... https://www.scmp.com/business/china-business/article/3332820/us-funds-tread-carefully-china-oaktree-and-appaloosa-recalibrate-positions?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3332820/us-funds-tread-carefully-china-oaktree-and-appaloosa-recalibrate-positions?utm_source=rss_feed Fri, 14 Nov 2025 23:30:09 +0000 Danielle Popov Danielle Popov RBC BlueBay Asset Management, a unit of the Royal Bank of Canada, has formed a partnership with digital-wealth platform Endowus, signalling the asset manager’s commitment to expand its presence in Asia. The partnership will leverage RBC BlueBay’s fixed-income products and expertise to create specialised investment strategies for investors in Hong Kong and Singapore through Endowus’ digital platform, according to a statement from Endowus on Wednesday. Endowus is an investment platform with... https://www.scmp.com/business/companies/article/3326692/canadas-rbc-bluebay-partners-endowus-expand-asset-managers-asia-presence?utm_source=rss_feed https://www.scmp.com/business/companies/article/3326692/canadas-rbc-bluebay-partners-endowus-expand-asset-managers-asia-presence?utm_source=rss_feed Wed, 24 Sep 2025 13:00:19 +0000 Bloomberg Bloomberg Former Point72 Asset Management Japan head Tomohiro Yamaguchi is planning his own hedge fund to capitalise on demand from investors seeking to work with specialists in the world’s fourth-largest economy. Hong Kong-based Invictus Investment Partners aimed to start trading in the first quarter of 2026, pending regulatory approval, Yamaguchi said in an interview. Its hedge fund would focus on the 300 largest, most liquid Japanese stocks. An anchor investor was committing US$200 million of capital... https://www.scmp.com/business/banking-finance/article/3324712/former-point72-japan-head-plans-hong-kong-based-hedge-fund-firm?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324712/former-point72-japan-head-plans-hong-kong-based-hedge-fund-firm?utm_source=rss_feed Mon, 08 Sep 2025 05:55:45 +0000 Bloomberg Bloomberg Hedge funds are ramping up options wagers, signalling that the Chinese yuan’s rally against the US dollar still has room to run. Their demand for options that become profitable if the yuan rises against the dollar has increased, according to traders who asked not to be identified. Investors are now targeting a yuan at around 7 or stronger by the end of the year, SGX Derivatives Exchange data showed, on rising confidence in China providing policy support and shifting US interest rate... https://www.scmp.com/news/china/article/3323916/hedge-funds-boost-options-bets-yuan-strengthen-past-7?utm_source=rss_feed https://www.scmp.com/news/china/article/3323916/hedge-funds-boost-options-bets-yuan-strengthen-past-7?utm_source=rss_feed Mon, 01 Sep 2025 08:46:31 +0000 Cao Li,Zhang Shidong Cao Li,Zhang Shidong Yuan Yu, founder of Shanghai-based quantitative hedge fund Mingshi, recognised an opportunity when several intern prospects studying in the US said they were struggling to complete their PhDs amid university funding cuts and stricter visa policies under President Donald Trump. “They told us that their supervisor’s funding had been cut, so they couldn’t continue their studies,” said Yuan, whose investment firm manages US$2.5 billion in assets. “They felt lost and didn’t know what to do. This... https://www.scmp.com/business/banking-finance/article/3319534/chinas-quant-hedge-funds-stock-talent-us-expense-fuel-expansion-ai-use?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3319534/chinas-quant-hedge-funds-stock-talent-us-expense-fuel-expansion-ai-use?utm_source=rss_feed Sat, 26 Jul 2025 02:00:10 +0000 Bloomberg Bloomberg Investment firm Andon Hong Kong is opening an office in New York to deepen its push into alternatives. Soros Fund Management alumnus Chuck Sun will lead hedge-fund manager selection from the new location. It’s an area that Sun specialised in at billionaire George Soros’ family office. The firm manages money on behalf of Shenzhen-listed Andon Health, a Chinese maker of medical devices like blood pressure monitors and Covid test kits. “We plan to add more hedge fund allocation and build broader... https://www.scmp.com/business/money/article/3315667/asian-family-offices-expand-us-footprint-andon-hong-kong-opens-new-york-office?utm_source=rss_feed https://www.scmp.com/business/money/article/3315667/asian-family-offices-expand-us-footprint-andon-hong-kong-opens-new-york-office?utm_source=rss_feed Tue, 24 Jun 2025 10:11:46 +0000 Bloomberg Bloomberg A money manager to some of Hong Kong’s richest individuals will start investing in cryptocurrency, as more favourable regulations attract a wider array of investors to the digital-asset sector. VMS Group, a multifamily office with just under US$4 billion in assets under management, plans to allocate up to US$10 million to strategies run by decentralised-finance hedge fund Re7 Capital, said VMS managing partner Elton Cheung in an interview. He added that the size of the allocation has not been... https://www.scmp.com/tech/tech-trends/article/3315612/hong-kong-family-office-vms-group-makes-first-foray-cryptocurrency?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3315612/hong-kong-family-office-vms-group-makes-first-foray-cryptocurrency?utm_source=rss_feed Tue, 24 Jun 2025 06:37:52 +0000 Sam Phillips Sam Phillips Syfe, a Singapore-based digital investment platform operator, has raised US$80 million in its Series C funding round, as the company pushes to expand its wealth management product offerings in Hong Kong. This round includes new all-equity financing worth US$53 million at a significantly higher valuation, according to the fintech start-up’s statement on Thursday. The latest financing brings the company’s total funding to US$132 million since it was founded in 2019. Syfe founder and CEO Dhruv... https://www.scmp.com/tech/tech-trends/article/3313237/robo-financial-adviser-syfe-sinks-teeth-deeper-hong-kong-after-us80-million-funding?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3313237/robo-financial-adviser-syfe-sinks-teeth-deeper-hong-kong-after-us80-million-funding?utm_source=rss_feed Thu, 05 Jun 2025 13:47:52 +0000 Coco Feng Coco Feng Not long ago, few people in China had heard of Mililing, a sleepy village nestled in a remote corner of southern Guangdong province. But things changed earlier this year when hundreds of visitors arrived every day to pay homage to Liang Wenfeng, the 40-year-old founder of the artificial intelligence (AI) start-up DeepSeek, who has emerged as a hero for giving his country an edge in its tech rivalry with the US. Villagers, many sharing the surname Liang, set up stalls near his childhood home to... https://www.scmp.com/tech/tech-trends/article/3307072/gifted-student-ai-hero-deepseeks-founder-liang-wenfeng-inspires-nation?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3307072/gifted-student-ai-hero-deepseeks-founder-liang-wenfeng-inspires-nation?utm_source=rss_feed Sat, 19 Apr 2025 03:00:07 +0000 Aileen Chuang Aileen Chuang Fundraising on Hong Kong’s stock market could increase by as much as 80 per cent this year amid optimism in the tech sector and backing from mainland authorities for Chinese companies to list in the city, according to Financial Secretary Paul Chan Mo-po. The initial public offering (IPO) market could reach between US$17 billion and US$20 billion this year, Chan said at a tech forum on Wednesday. Last year, IPO proceeds in the city stood at US$11 billion, ranking fourth globally. The estimates... https://www.scmp.com/business/banking-finance/article/3302074/hong-kong-host-3-major-financial-events-highlighting-its-role-top-international-hub?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3302074/hong-kong-host-3-major-financial-events-highlighting-its-role-top-international-hub?utm_source=rss_feed Wed, 12 Mar 2025 08:29:48 +0000 Ben Jiang Ben Jiang DeepSeek founder and chief executive Liang Wenfeng received a hero’s welcome during his hometown visit for the Lunar New Year holiday, according to local media and social-media posts, as the Chinese start-up remains under the spotlight for its impact on the artificial intelligence (AI) industry. Liang, 40, on Tuesday returned to Mililing village in Zhanjiang, a port city in southern Guangdong province, where a red banner was raised hailing the low-profile tech entrepreneur as “hometown pride”... https://www.scmp.com/tech/tech-trends/article/3296976/deepseek-founder-liang-wenfeng-gets-heros-welcome-lunar-new-year-hometown-visit?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3296976/deepseek-founder-liang-wenfeng-gets-heros-welcome-lunar-new-year-hometown-visit?utm_source=rss_feed Sat, 01 Feb 2025 01:00:13 +0000 Wency Chen,Ann Cao,Ben Jiang Wency Chen,Ann Cao,Ben Jiang DeepSeek sent shock waves through the global tech market ahead of the Lunar New Year – sinking the value of semiconductor giant Nvidia and other large companies driving the artificial intelligence (AI) boom – as the Chinese start-up achieved a feat once-considered impossible by Silicon Valley. The Hangzhou-based firm over the past several weeks released two powerful new AI models, DeepSeek-V3 and DeepSeek-R1, that were built at a fraction of the cost and computing power that major tech companies... https://www.scmp.com/tech/big-tech/article/3296626/how-tech-start-deepseek-emerged-unlikely-game-changer-us-china-ai-war?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3296626/how-tech-start-deepseek-emerged-unlikely-game-changer-us-china-ai-war?utm_source=rss_feed Tue, 28 Jan 2025 23:00:08 +0000 Ben Jiang,Bien Perez Ben Jiang,Bien Perez DeepSeek, extolled by some as the “biggest dark horse” in the open-source large language model (LLM) arena, now has a bull’s eye on its back, as the start-up is being touted as China’s secret weapon in the artificial intelligence (AI) war with the US. The Hangzhou-based company sent shock waves across Wall Street and Silicon Valley for developing AI models at a fraction of the cost compared with OpenAI and Meta Platforms, which prompted US President Donald Trump to call the breakthrough a... https://www.scmp.com/tech/tech-trends/article/3296503/deepseeks-tech-breakthrough-hailed-china-answer-win-ai-war?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3296503/deepseeks-tech-breakthrough-hailed-china-answer-win-ai-war?utm_source=rss_feed Tue, 28 Jan 2025 04:00:15 +0000 Ben Jiang Ben Jiang The founder of artificial intelligence (AI) firm DeepSeek, touted as 2025’s “biggest dark horse” in the open-source large language model (LLM) arena, emerged as the industry’s new face in China at a symposium hosted by Premier Li Qiang in Beijing on Monday. Liang Wenfeng, 40, took part in the meeting where a select group of industry experts – in the fields of technology, education, science, culture, health and sports – offered Li their opinions and suggestions for a draft government work report,... https://www.scmp.com/tech/policy/article/3295662/beijing-meeting-puts-spotlight-chinas-new-face-ai-deepseek-founder-liang-wenfeng?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3295662/beijing-meeting-puts-spotlight-chinas-new-face-ai-deepseek-founder-liang-wenfeng?utm_source=rss_feed Tue, 21 Jan 2025 10:30:19 +0000 Bloomberg Bloomberg Three more global hedge funds are expanding to Hong Kong, providing a relief to the city that is anxious to revive its appeal as a regional financial hub. US multistrategy firm Hudson Bay Capital Management, UK credit shop Sona Asset Management and New York-based Centiva Capital are establishing a foothold in the city, said people with knowledge of the matter. Hudson Bay, the Stamford, Connecticut-based firm overseeing about US$20 billion, registered a Hong Kong entity in early October,... https://www.scmp.com/business/banking-finance/article/3295045/hong-kong-gets-boost-3-global-hedge-funds-open-offices-recruit-staff?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3295045/hong-kong-gets-boost-3-global-hedge-funds-open-offices-recruit-staff?utm_source=rss_feed Thu, 16 Jan 2025 09:16:07 +0000 Hedge fund titan and Milwaukee Bucks co-owner Marc Lasry is used to making headlines for billion-dollar deals and mega political donations. But the wealthy Moroccan-born billionaire is under the spotlight after a former employee accused him of sexual harassment after he filed an extortion case against her. Lasry, who is the co-founder of Avenue Capital Group, has denied the allegations, insisting he was blackmailed. Lasry is a Democratic megadonor and, last year, rallied wealthy Wall Street... https://www.scmp.com/magazines/style/entertainment/article/3293317/meet-billionaire-marc-lasry-moroccan-born-hedge-fund-titan-and-milwaukee-bucks-co-owner-went-rags?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3293317/meet-billionaire-marc-lasry-moroccan-born-hedge-fund-titan-and-milwaukee-bucks-co-owner-went-rags?utm_source=rss_feed Tue, 07 Jan 2025 21:00:09 +0000 Ben Jiang,Bien Perez Ben Jiang,Bien Perez Chinese start-up DeepSeek has emerged as “the biggest dark horse” in the open-source large language model (LLM) arena in 2025, just days after the firm made waves in the global artificial intelligence (AI) community with its latest release. That assessment came from Jim Fan, a senior research scientist at Nvidia and lead of its AI Agents Initiative, in a New Year’s Day post on social-media platform X, following the Hangzhou-based start-up’s release last week of its namesake LLM, DeepSeek... https://www.scmp.com/tech/tech-trends/article/3293050/meet-deepseek-chinese-start-changing-how-ai-models-are-trained?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3293050/meet-deepseek-chinese-start-changing-how-ai-models-are-trained?utm_source=rss_feed Wed, 01 Jan 2025 13:00:13 +0000 Ben Jiang Ben Jiang Chinese start-up DeepSeek’s release of a new large language model (LLM) has made waves in the global artificial intelligence (AI) industry, as benchmark tests showed that it outperformed rival models from the likes of Meta Platforms and ChatGPT creator OpenAI. The Hangzhou-based company said in a WeChat post on Thursday that its namesake LLM, DeepSeek V3, comes with 671 billion parameters and trained in around two months at a cost of US$5.58 million, using significantly fewer computing resources... https://www.scmp.com/tech/tech-trends/article/3292507/chinese-start-deepseek-launches-ai-model-outperforms-meta-openai-products?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3292507/chinese-start-deepseek-launches-ai-model-outperforms-meta-openai-products?utm_source=rss_feed Fri, 27 Dec 2024 10:45:00 +0000 The curse of wealth has come upon America – that of abundant capital inflows, inflated financial asset values and a strong dollar. These are conditions that can test the ability of any financial system to absorb shocks and expose its hidden vulnerabilities. The US may, ironically, be about to experience a version of the trauma that struck Asian economies in the run up to the 1997 crisis when the region received huge and ultimately destabilising flows of foreign portfolio investment. At first... https://www.scmp.com/opinion/world-opinion/article/3288567/america-awash-global-capital-risks-spreading-financial-instability?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3288567/america-awash-global-capital-risks-spreading-financial-instability?utm_source=rss_feed Sat, 30 Nov 2024 08:30:08 +0000 Salina Li,Peggy Sito Salina Li,Peggy Sito Bob Prince, the co-chief investment officer of the world’s largest hedge fund, bought a luxury home in Hong Kong, joining an A-list of global financiers who have begun to heed the city government’s serenade to put down roots in Asia’s third-largest capital market. The executive of Bridgewater Associates, which had US$235 billion of assets under management as of March 31, paid HK$95 million (US$12.2 million) for a three-bedroom flat measuring 1,752 sq ft (162.8 square metres) at St. George’s... https://www.scmp.com/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed https://www.scmp.com/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed Wed, 20 Nov 2024 10:32:56 +0000 Mia Castagnone Mia Castagnone Global diversification is one of the most important opportunities for investors today, according to Bob Prince, co-chief investment officer at US hedge fund Bridgewater Associates. China offers a unique opportunity because its assets are less correlated with global markets. “Geopolitics, protectionism and so forth are actually creating bigger differences in economic conditions across countries, which is not less efficient, it’s more inflationary,” he said in an interview during the 2024 Family... https://www.scmp.com/business/banking-finance/article/3286927/china-offers-unique-opportunity-portfolio-diversification-bridgewaters-prince-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3286927/china-offers-unique-opportunity-portfolio-diversification-bridgewaters-prince-says?utm_source=rss_feed Mon, 18 Nov 2024 02:30:08 +0000 Bloomberg Bloomberg A surge in Chinese stocks last month helped Asia’s hedge funds pull ahead of global peers for the first three quarters, after three years of trailing performance. Quantedge Capital, Will Li’s Ocean Arete and Timothy Wang’s Monolith Management were among funds whose wagers on China’s introduction of more aggressive stimulus paid off. September gains of almost 5 per cent pushed Asia fund returns to 9.7 per cent for the first nine months of the year, outpacing the 8.1 per cent average increase for... https://www.scmp.com/business/markets/article/3283171/asia-hedge-funds-outperform-global-peers-september-rally?utm_source=rss_feed https://www.scmp.com/business/markets/article/3283171/asia-hedge-funds-outperform-global-peers-september-rally?utm_source=rss_feed Mon, 21 Oct 2024 03:56:04 +0000 Mia Castagnone Mia Castagnone An increase in assets under management, a highly diversified investor base, globalised asset allocation and robust fund inflows have solidified Hong Kong’s position as an asset and wealth management hub, according to an annual survey by the Securities and Futures Commission (SFC). Hong Kong-domiciled funds authorised by the SFC saw net fund inflows of HK$33 billion (US$4.2 billion) in the first quarter of 2024 after rebounding by a robust 93 per cent to HK$87 billion last year, according to the... https://www.scmp.com/business/banking-finance/article/3270234/steady-fund-flows-have-bolstered-hong-kongs-asset-wealth-hub-status-sfc-study-finds?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3270234/steady-fund-flows-have-bolstered-hong-kongs-asset-wealth-hub-status-sfc-study-finds?utm_source=rss_feed Fri, 12 Jul 2024 08:46:56 +0000 A recent boom in convertible bond sales is kindling hopes that Hong Kong’s capital market is warming up after a years-long chill, with Wall Street banks readying themselves to bask in the glow. A combined US$10.5 billion in convertible bond offerings by Chinese tech leaders including JD.com, Alibaba Group Holding, Trip.com and Lenovo Group has swept the market in the past two weeks. As a result, total convertible bond issuance in Asia, excluding Japan, is on track to match 2023’s total of... https://www.scmp.com/business/banking-finance/article/3266449/chinese-tech-stars-alibaba-jd-fuel-convertible-bond-surge-likely-precursor-ipo-rush?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3266449/chinese-tech-stars-alibaba-jd-fuel-convertible-bond-surge-likely-precursor-ipo-rush?utm_source=rss_feed Thu, 13 Jun 2024 23:00:09 +0000 Ray Dalio, the billionaire founder of the world’s largest hedge fund Bridgewater Associates, said investing in China is a good idea despite the risks, because Chinese assets are cheap and can help balance portfolios. “Diversification and investment in China is desirable,” Dalio said in a virtual presentation at the Greenwich Economic Forum in Hong Kong on Wednesday. “Chinese assets are very attractively priced.” There are concerns among international investors about potentially being penalised... https://www.scmp.com/business/markets/article/3265497/hedge-fund-billionaire-ray-dalio-says-benefits-investing-china-outweigh-risks?utm_source=rss_feed https://www.scmp.com/business/markets/article/3265497/hedge-fund-billionaire-ray-dalio-says-benefits-investing-china-outweigh-risks?utm_source=rss_feed Wed, 05 Jun 2024 09:59:30 +0000 Legendary emerging markets fund manager Mark Mobius has reversed his view on Chinese stocks as he believes the country’s recent property support measures will restore investors’ confidence. A recent trip to the southern part of the country also helped change his mind. The 87-year-old fund manager, who as recently as last month said China equities “were not attractive” in a Bloomberg interview, indicated on Thursday that his view had changed. Mobius said he was not yet “super-bull” on China but... https://www.scmp.com/business/banking-finance/article/3264724/father-emerging-markets-mark-mobius-turns-bullish-china-stock-property-measures-restore-confidence?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3264724/father-emerging-markets-mark-mobius-turns-bullish-china-stock-property-measures-restore-confidence?utm_source=rss_feed Thu, 30 May 2024 10:30:15 +0000 Bridgewater Associates, the world’s biggest hedge fund, pulled back drastically from Chinese stocks again last quarter, slashing its investment by nearly 90 per cent from a peak two years ago. The move may have been too hasty and caused it to miss out on the recent bull run. The Connecticut-based firm cut its stakes in nearly all the US-listed Chinese stocks it holds, including Pinduoduo, Yum China, and Trip.com, by 31 to 78 per cent in the first three months of this year, according to its... https://www.scmp.com/business/markets/article/3262797/hedge-fund-giant-bridgewater-misses-out-stock-market-bull-run-ditching-chinese-stocks-first-quarter?utm_source=rss_feed https://www.scmp.com/business/markets/article/3262797/hedge-fund-giant-bridgewater-misses-out-stock-market-bull-run-ditching-chinese-stocks-first-quarter?utm_source=rss_feed Wed, 15 May 2024 10:30:12 +0000 High inflation and elevated borrowing costs are dampening the attractiveness of leveraged private-market investments, but institutional investors across Asia-Pacific are still determined to increase their allocations in private assets, especially in real estate and private debt, US-based financial services firm State Street said. According to an annual report published on Monday by the firm, among the 120 Asia-Pacific-based institutional investors it surveyed, 58 per cent expected inflation to... https://www.scmp.com/business/banking-finance/article/3260794/state-street-says-asia-pacific-institutional-investors-keen-private-assets-even-inflation-elevated?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3260794/state-street-says-asia-pacific-institutional-investors-keen-private-assets-even-inflation-elevated?utm_source=rss_feed Mon, 29 Apr 2024 09:30:13 +0000 China’s stock-market watchdog is actively revising the country’s long-standing securities investment fund law, with analysts anticipating increased accountability for fund managers and greater confidence among overseas investors. The work by the China Securities Regulatory Commission (CSRC) is a direct response to the nine guidelines recently unveiled by the country’s cabinet, which aim to mitigate risks in the capital markets. The proposed revisions are also expected to enhance the protection... https://www.scmp.com/business/banking-finance/article/3259997/chinas-securities-watchdog-revising-investment-fund-laws-boost-accountability-confidence-line-9?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3259997/chinas-securities-watchdog-revising-investment-fund-laws-boost-accountability-confidence-line-9?utm_source=rss_feed Tue, 23 Apr 2024 04:37:21 +0000 UK money manager M&G Investments is actively exploring opportunities to enter China’s US$18 trillion fund management market, aiming to be the platform for diversification, a role abandoned by some rival firms over the past few years. The strategic move aligns with the London-based company’s decision to expand its presence in Asia through local partnerships, given the search by mainland investors for fresh opportunities in markets outside the country, according to CEO Joseph Pinto. “There is an... https://www.scmp.com/business/banking-finance/article/3259727/uk-money-manager-mg-eyes-china-partnerships-meet-investor-demand-diversification-mainland-assets-ceo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3259727/uk-money-manager-mg-eyes-china-partnerships-meet-investor-demand-diversification-mainland-assets-ceo?utm_source=rss_feed Sun, 21 Apr 2024 01:45:12 +0000 China has slapped a trading suspension and fines on a hedge fund firm for high-frequency trading in index-futures contracts, signalling that a crackdown on so-called quantitative investments has widened to financial derivatives from stocks. Shanghai Weiwan Private Fund Management will be banned from opening index futures contracts for 12 months and have 8.93 million (US$1.24million) in “ill-gotten gains” confiscated, the China Financial Futures Exchange said in a statement posted on its website... https://www.scmp.com/business/china-business/article/3253651/china-punishes-hedge-fund-high-frequency-trading-index-futures-it-broadens-crackdown-quant?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3253651/china-punishes-hedge-fund-high-frequency-trading-index-futures-it-broadens-crackdown-quant?utm_source=rss_feed Thu, 29 Feb 2024 07:56:45 +0000 China’s equity rout a few weeks ago was exacerbated by quantitative funds stampeding to exit positions, akin to a 2007 episode in the US when such investors suffered an abrupt meltdown that roiled markets. That’s the analysis of Man Group’s Ziang Fang, who said in a note this week that the unwinding of these funds’ positions was so massive that it spurred small-cap stocks to underperform by a historic margin. China’s intervention to stem the turmoil also caused significant market dislocations,... https://www.scmp.com/business/markets/article/3252768/quant-quake-man-group-says-china-stock-market-rout-mirrors-2007-us-meltdown?utm_source=rss_feed https://www.scmp.com/business/markets/article/3252768/quant-quake-man-group-says-china-stock-market-rout-mirrors-2007-us-meltdown?utm_source=rss_feed Thu, 22 Feb 2024 02:11:05 +0000 Billionaire money managers Chris Hohn and Ken Griffin led hedge funds to deliver one of the best years for clients in 2023. The industry produced combined gains worth US$218 billion after fees, according to estimates by LCH Investments, a fund of hedge funds. Hohn’s TCI Fund Management made US$12.9 billion to top LCH’s rankings, followed by Citadel, which made US$8.1 billion. The annual survey focuses on money managers with the most overall profits in absolute dollar terms since inception, and... https://www.scmp.com/business/money/article/3249281/hedge-funds-led-chris-hohns-tci-and-ken-griffins-citadel-cap-bumper-year-profits-2023-lch-survey?utm_source=rss_feed https://www.scmp.com/business/money/article/3249281/hedge-funds-led-chris-hohns-tci-and-ken-griffins-citadel-cap-bumper-year-profits-2023-lch-survey?utm_source=rss_feed Mon, 22 Jan 2024 02:10:31 +0000 Forget about tracking famous hedge fund managers and investment gurus. If you want to make real money, follow members of the US Congress. While many of them have shown no previous expertise in investment, they handily beat the S&P 500 once they have taken seats in the most powerful legislature in the world. That’s according to Unusual Whales. The stock market news service has just released its second annual report on the trading of congressional members last year. Fascinating reading, highly... https://www.scmp.com/comment/article/3247700/how-make-serious-money-and-misbehave-us?utm_source=rss_feed https://www.scmp.com/comment/article/3247700/how-make-serious-money-and-misbehave-us?utm_source=rss_feed Mon, 08 Jan 2024 13:00:18 +0000 While uber-wealthy types like Elon Musk, Jeff Bezos and Richard Branson are trying to make their mark in space, another billionaire is focusing on Earth instead – more specifically, the most expensive and outrageous properties on the planet. Meet Ken Griffin, the businessman who founded and runs Citadel, a Miami-based hedge fund firm. Griffin manages over US$60 billion in assets through Citadel and Citadel Securities, which trades more stocks than any other company in the world. According to... https://www.scmp.com/magazines/style/people/entrepreneurs/article/3242573/outdoing-trumps-mar-lago-ken-griffins-real-estate-portfolio-billion-dollar-palm-beach-home-nycs?utm_source=rss_feed https://www.scmp.com/magazines/style/people/entrepreneurs/article/3242573/outdoing-trumps-mar-lago-ken-griffins-real-estate-portfolio-billion-dollar-palm-beach-home-nycs?utm_source=rss_feed Sat, 25 Nov 2023 20:00:16 +0000 High-Flyer Quant, a leading Chinese hedge fund manager, said it has suspended its co-founder and senior executive Xu Jin from work due to his “improper handling of a family matter”. The Hangzhou-based quantitative fund his actions “caused negative public opinion and had a negative impact on company reputation,” according to a statement published on its official WeChat account on Thursday. The fund did not specify what Xu had done, his role in the company or the duration of his... https://www.scmp.com/business/markets/article/3239391/top-china-hedge-fund-suspends-founder-cites-reputational-hit-family-matter?utm_source=rss_feed https://www.scmp.com/business/markets/article/3239391/top-china-hedge-fund-suspends-founder-cites-reputational-hit-family-matter?utm_source=rss_feed Fri, 27 Oct 2023 05:41:16 +0000 China’s vocal hedge fund manager has called on Beijing to intervene in its stock markets by setting up a stabilisation fund and restore investor faith, which has been hit by outflows in the past two months after a barrage of weak economic data soured risk appetite. Global fund managers sold 37.5 billion yuan (US$5.2 billion) of Chinese stocks via the exchange link with Hong Kong last month after a record outflow of 90 billion yuan in August, according to data from the city’s exchange, amid... https://www.scmp.com/business/china-business/article/3237559/vocal-chinese-hedge-fund-manager-lobbies-stock-stabilisation-fund-bid-boost-confidence-and-counter?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3237559/vocal-chinese-hedge-fund-manager-lobbies-stock-stabilisation-fund-bid-boost-confidence-and-counter?utm_source=rss_feed Wed, 11 Oct 2023 08:13:30 +0000 We have been hearing a lot about China’s property sector problems and the dire impact these could have on a slowing Chinese economy. Such concerns cannot be brushed aside lightly but what we do not hear so much about are the systemic financial threats looming in the United States and Europe. The reason is the absurd polarisation of views that has been allowed to develop, or even encouraged, among governments and the public (including large areas of the media) on political, economic and social... https://www.scmp.com/comment/opinion/article/3234441/its-not-just-china-world-risk-hidden-debt-and-financial-system-shocks?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3234441/its-not-just-china-world-risk-hidden-debt-and-financial-system-shocks?utm_source=rss_feed Sat, 16 Sep 2023 07:30:19 +0000 The Swiss banking giant UBS has been fined close to US$400 million for misconduct by its recently acquired subsidiary, Credit Suisse, the US Federal Reserve announced on Monday. Swiss regulators pushed UBS to take over its former rival Credit Suisse earlier this year amid a banking crisis spurred by the collapse of US regional lender Silicon Valley Bank. On Monday, UBS was fined a total of US$387 million by the Fed and the Bank of England over Credit Suisse’s failure “to adequately manage” the... https://www.scmp.com/business/banking-finance/article/3228786/ubs-fined-us387-million-over-credit-suisse-misconduct-us-federal-reserve-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3228786/ubs-fined-us387-million-over-credit-suisse-misconduct-us-federal-reserve-says?utm_source=rss_feed Mon, 24 Jul 2023 17:39:58 +0000 When London Metal Exchange (LME) CEO Matthew Chamberlain went to bed on March 7 of last year, he believed the nickel market was still acting orderly despite a frenetic period of trading that had seen the price of the nickel rise as much as 65 per cent over the course of the day. But, by the time he arose at 5.30am London time the next morning and briefly scanned his mobile telephone, Chamberlain said in court documents that he was alarmed by “extreme price movements in nickel” at a level he had... https://www.scmp.com/business/banking-finance/article/3226885/lmes-nickel-crisis-decision-heart-dispute-uk-judicial-review-involving-us12-billion-cancelled-trades?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3226885/lmes-nickel-crisis-decision-heart-dispute-uk-judicial-review-involving-us12-billion-cancelled-trades?utm_source=rss_feed Fri, 07 Jul 2023 22:30:10 +0000 The London Metal Exchange (LME) faced a “death spiral” in nickel and its other metals markets with as many as a dozen of its members at risk of default if it failed to step in and stabilise the nickel market during a period of chaos last year, a lawyer for the bourse told a London court on Thursday. US hedge fund Elliott Associates and Jane Street Global Trading, which describes itself as a market maker, have sued the Hong Kong Exchanges and Clearing (HKEX)-owned bourse in London’s high court... https://www.scmp.com/business/banking-finance/article/3225057/lme-faced-death-spiral-many-dozen-firms-risk-default-amid-nickel-chaos-lawyer?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3225057/lme-faced-death-spiral-many-dozen-firms-risk-default-amid-nickel-chaos-lawyer?utm_source=rss_feed Thu, 22 Jun 2023 22:00:09 +0000 The London Metal Exchange (LME) had no senior staff on duty monitoring trading in the early morning hours as nickel prices spiked last year before it decided to cancel billions of dollars of trades, a lawyer for one of two firms suing the bourse has argued. US hedge fund Elliott Associates and Jane Street Global Trading, which describes itself as a market maker, have sued the Hong Kong Exchanges and Clearing (HKEX)-owned bourse in London’s high court, claiming the exchange made an “irrational”... https://www.scmp.com/business/banking-finance/article/3224932/lme-lacked-senior-staff-monitoring-trading-nickel-prices-spiked-jane-street?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3224932/lme-lacked-senior-staff-monitoring-trading-nickel-prices-spiked-jane-street?utm_source=rss_feed Wed, 21 Jun 2023 22:00:25 +0000 A top-performing Chinese macro hedge fund has slashed its holdings in property stocks, as their declines hurt returns just two months after predicting a major rebound in the sector. Shanghai Banxia Investment Management Center’s flagship Banxia Macro Fund slumped 9.8 per cent in May, the biggest monthly loss since at least 2018, after it sold property-related shares and cut commodities positions, according to a letter to investors that was seen by Bloomberg News. China is considering a new... https://www.scmp.com/business/markets/article/3223881/shanghai-banxia-leading-chinese-hedge-fund-unwinds-bet-property-rebound-after-flagship-fund-sinks-98?utm_source=rss_feed https://www.scmp.com/business/markets/article/3223881/shanghai-banxia-leading-chinese-hedge-fund-unwinds-bet-property-rebound-after-flagship-fund-sinks-98?utm_source=rss_feed Tue, 13 Jun 2023 03:55:50 +0000 Mia Castagnone Mia Castagnone Hong Kong’s markets watchdog is “very supportive” of the industry using new technology, including tokenisation, an executive of the Securities and Futures Commission (SFC) said on Monday. “We support tokenisation,” Elizabeth Wong, director of licensing and head of the commission’s fintech unit, told a conference of the Hong Kong Investment Funds Association. “If you want to tokenise a public fund, we would be happy to discuss with the industry.” Retail investors in Hong Kong have been able to... https://www.scmp.com/business/banking-finance/article/3223038/hong-kong-markets-watchdog-sfc-very-supportive-new-tech-happy-discuss-tokenisation-industry?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3223038/hong-kong-markets-watchdog-sfc-very-supportive-new-tech-happy-discuss-tokenisation-industry?utm_source=rss_feed Tue, 06 Jun 2023 00:30:20 +0000 Hong Kong’s asset managers should not fear losing their jobs to artificial intelligence (AI), but the finance sector must take care to deploy the technology responsibly while embracing the opportunities it presents, according to the CEO of the Securities and Futures Commission (SFC). “We are on the cusp of another revolution that will change the way we live, work and play,” Julia Leung Fung-yee said at the Hong Kong Investment Funds Association conference on Monday. “As the AI competition heats... https://www.scmp.com/business/china-business/article/3222954/hong-kong-finance-sector-hook-deploy-ai-responsibly-says-market-watchdogs-ceo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3222954/hong-kong-finance-sector-hook-deploy-ai-responsibly-says-market-watchdogs-ceo?utm_source=rss_feed Mon, 05 Jun 2023 05:36:05 +0000