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Monthly Archives: June 2016
Chandrima Das has launched Bento, a low-cost bionic adviser on portfolio management initially targeted at HNWIs in Asia. Das was most recently Managing Director and Head of Managed Investments Sales & Advisory at Bank of Singapore and before that CEO of ING Investment Management Asia Pacific. Earlier in her career she has worked at Standard Chartered Bank, Prudential Asset Management, M&G and Kotak Securities. Das’ new Bento venture is part of the Mesitis group.
Goldman Sachs is still the biggest prime broker in Asia in terms of assets, according to an AsiaHedge prime brokerage survey. Goldman’s closest rivals in Asia are Credit Suisse, Morgan Stanley and UBS.
AQR Capital Management, the US headquartered fund manager founded in 1998 by Cliff Asness, is reportedly planning to open its first Asian office. It is understood that AQR will soon open a marketing office in Hong Kong.
The Eurekahedge Japan Hedge Fund Index returned an estimated +0.95% in May, bringing the YTD return to -3.03%.
Asia ex-Japan hedge funds returned an estimated +0.21% in May, bringing the YTD to -2.14%, according to Eurekahedge.
Affiliated Managers Group has bought a stake in Capula from Goldman Sachs as part of an US$800m deal for interests in five hedge fund firms.
The Hedge Fund Standards Board, a global standard-setting body, has launched an Asia-Pacific committee. The new committee members are Betty Tay (GIC), Ted Lee (CPPIB), Chris Gradel (PAG), David George (Future Fund) and Richard Johnston (Albourne).
Parametrica in Hong Kong has made it to the top spot in Barron’s 2016 List of Best 100 Hedge Funds. Congratulations to Xiongwei Ju and his team. Prior to launching Parametrica in 2009, Xiongwei worked at Millennium Partners, Nomura and Deephaven.
David Bridge has joined Mike Coleman’s RCMA Asset Management in Singapore as its new Head of Investor Relations and Business Development. RCMA is a physical commodities trading company with an asset management arm which manages the Merchant Commodity Fund. Bridge was until recently an investment professional at FoF manager PAAMCO where he focused on researching Asian hedge funds. He joined PAAMCO in 2009 as part of its acquisition of KBC’s FoF business in Asia.
Michael Mills has left RV Capital Management in Singapore after a year as the hedge fund’s head of business development. Prior to RV he he spent more than five years at OCP Asia and worked in prime broker cap intro at Citi and UBS. Mills has now relocated back to Hong Kong to join The New Amsterdam Group.