Negative Chinese stock-market performance has hurt domestic mutual-fund returns, with not a single mainland asset manager making a profit in the second quarter.
Hong Kong-based Galaxy’s portfolio of hedge funds had a good 2010 and its managers are optimistic that the global recovery will continue, with inflation the chief risk.
The Hong Kong-based hedge fund is using Merchant Capital's Ucits platform to offer the product. Could this signal the start of a trend among Asia managers?
Compulsory registration and licensing will be required for fund advisory and rating providers. But a few innocent bystanders are likely to be affected.