When dealing with money, check hedge fund’s back office
The lure of high returns that aren’t correlated to other markets has led to an explosion of global hedge fund money, to more than US$ 2 trillion. Unfortunately, “explosion” also…
Mainland China a step closer to Hong Kong funds
Hong Kong-based fund houses are a step closer to selling their products on the mainland as regulators from the two markets have worked out the ground rules for the kind…
Tough market in store for ParknShop buyer
Hong Kong’s record property prices may mean a lucrative exit for Asia’s “Superman” from the sale of ParknShop, but potential buyers will have to justify the high rental costs amid…
Oversold China catches the eye of investors
A slowdown in China has hit its financial markets hard this year as fund managers cut exposure to the world’s second largest economy, but some investors say it may be…
Profit alerts highlight China retailing strains
A growing number of mainland-based companies have posted profit warnings for the second quarter as consumers tighten their purse strings, crimping retailers’ earnings. Markets & Investing feed…
Merchants Bank cash call sparks sector sell-off in China
The shares of mainland banks came under pressure yesterday amid fears of a flood of equity fundraisings. Earlier this week, the China Securities Regulatory Commission approved for the first time this…
Investors flee China money market funds in second quarter
Mainland money market funds (MMF) saw a 40 per cent plunge in assets under management during the second quarter of the year as volatile conditions in the fledgling interbank lending…
Flagship Exchange Fund sheds HK$6.1b in first half
Weak bond markets and depreciating foreign currencies sparked a dramatic reversal in the performance of the Hong Kong government’s flagship Exchange Fund. Markets & Investing feed…
How much has loose Fed money helped US profits?
Many on Wall Street believe the Federal Reserve’s monetary policy is behind record corporate earnings and the stock market’s surge to all-time highs this year. Markets & Investing feed…
US charges SAC Capital with insider trading crimes
US prosecutors indicted billionaire Steven A. Cohen’s hedge fund for insider trading, a rare move that could end the career of one of Wall Street’s most successful investors and trigger…
