First Compliant Cryptocurrency Hedge Fund Opens in Asia

The Circle Fund, with teams of investors in Shanghai, Hong Kong and New York, is the first Asian cryptocurrency hedge fund to be compliant with global regulations. The company behind the fund is made up of people with over five years of experience in the primary and secondary blockchain industry markets. The investors involved in …

Jonathan Lai Leaves Tencent-Joins Coatue

Jonathan Lai, investment director at Tencent, China’s second most valuable publicly listed technology company, is leaving to join the US-based hedge fund Coatue Management. The Chinese company has been under months of scrutiny by regulators on its main gaming business. Mr. Lai listed himself on his LinkedIn account as an “investor” at Coatue Management, beginning …

Hedge Funds Looking to Metal to Pad Their Portfolios

Metals are doing well these days, reaching some of their highest prices in six years. After years of little growth, investors are expecting to see further rises in prices as part of a general trend of prices for industrial metals in reaction to production cuts to shrink a supply glut. Production cuts came a bit …

China Placing Tight Controls on Markets

In an effort to resuscitate China’s newly born financial markets which have taken a turn for the worse, China’s Securities Regulatory Commission has introduced a series of restrictions on those markets. Together with the People’s Bank of China, the CSRC has been introducing the following measures: limiting stock index futures trading; banning short selling; cutting …

Fund Manager Fearful of China’s Bad Debt

In an interview with CNBC, Kyle Bass of Hayman Capital described what he said was the “real problem” with the Chinese economy in recent months. “Loans past due 90 days grew by 167 percent in the first half,” said Bass, explaining why he believes it’s the Chinese banking sector and its bad debts that is …

New Fund Betting on Huge Health-Care Growth in China

Former head of China investments at Och-Ziff Capital Management Group opened a health-care hedge fund based in Asia. Frank Yu’s Ally Bridge LB Healthcare Fund will invest in opportunities created by Chinese reforms which began to go into effect in 2007. Li Bin, a former Merck & Company scientist, will lead the fund. Li Bin …

Fund Guru Odey Warns Against China Dependence and Coming Recession

Crispin Odey, one of the world’s most respected hedge fund managers expressed concern that economies that depend on China for their income are on the path towards recession. He further cautioned that central banks will not be able to save these economies since their supply of policy tactics have already been played out. Odey is …

China Funds Proved to Be Good Bets Last Year

According to eVestment, a provider of data on hedge funds, China-focused funds rose by a respectable 17 percent, beating out the country’s anemic indexes. The funds had their best year since 2009, and came close to doubling the 9.2 percent return that the industry averaged globally last year. According to Richard Johnston, head of the …

Jeffrey Yap Launching New Asian Hedge Fund

The former head of the Asian fixed-income trading at Mizuho Financial Group, Inc, Jeffrey Yap, is making plans to launch his own Hong Kong-based credit-focused hedge fund. Joining Yap at the fund, called Ark One Ltd, will be two other founding partners, unidentified for now.  The plan is for the fun to begin accepting investors …

Chinese Car Manufacturers Urge Government Officials to “Buy Red”

The Chinese government and car manufacturers would like to see a little bit more loyalty to domestic brands of automobiles, especially among government bureaucrats who seem to prefer European sedans more than local models. Yesterday, at a meeting of almost 3,000 delegates at Beijing’s Great Hall of the People, Chinese Premier Wen Jiabao addressed the …