Monthly Archives: January 2015

Asia Capital & Advisors in Singapore has hired Yelena Zemtsova for an investor relations role. Zemtsova has prior experience at firms such as Kazim Asset Management, ING Private Capital Management, Alpha Advisory and Globaleye.

HT Capital Management, the Hong Kong-based hedge fund firm run by Karl Hurst and Ophelia Tong, is closing down after 14 years. Disappointing recent perfomance and high operating costs have made the firm suffer. Its AUM has shrunk significantly from its peak of US$700m.

Tokyo Live: Tax receipts in the current fiscal year average about 9% more than last year.

The onshore hedge fund industry in mainland China, better known as sunshine funds, has grown to around 3,500 managers managing assets of US$97bn, according to Z-Ben Advisors. The sunshine funds mainly manage money for Chinese HNWIs. As many of these firms do not have an institutional set-up, the interest from international institutional investors is still rather limited. Many of the sunshine funds do little or no shorting and are thus basically long-only equities funds with high fees.

Mats Sjostrom has joined SAIL Advisors in Hong Kong. Finnish-born Sjostrom has been in Asia for quite some time working for Estlander & Partners and Altis Partners.

Mats Sjostrom

Mats Sjostrom

Suresh Withana has become Asian co-head of European asset manager Tikehau Investment Management in Singapore. For the past decade, Withana has managed Harmony Capital. Earlier he was at Mizuho, Merrill Lynch and Bank of America.

Suresh Withana

Suresh Withana

 

Mark Devonshire has left his gig as Asia Pacific CEO of Chenavari Financial Group. Destination unknown. He joined Chenavari in September 2013 when they took over his firm mCapital. Earlier he was at Merrill Lynch and Standard Bank.

Our favourite Oklahoma man David Bennett has joined Henderson Global Investors in Singapore in an Asian institutional sales role. He was most recently working in Barclays’ Asian prime brokerage division and before that he was getting hedge fund experience at Hana Daetoo in Korea.