All posts tagged "hedge fund"
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386KoreaKorea: Banks, Brokers Propose ‘Bad Bank’ to Recover Lime Asset Losses
19 banks and securities firms will likely comprise the new entity, which will be charged with acquiring and selling the assets of Lime Asset Management’s funds.
April 21, 2020 -
672Hong KongHKMA Urges Family Offices to Set Up in Hong Kong
The HKMA has been working to enhance Hong Kong’s competitiveness as a family office hub by developing talent, enhancing investment opportunities, and outreach.
January 17, 2020 -
1.4KFeatureSingapore Launches New VCC Framework for Funds
To mark the launch, 20 investment funds have established or re-redomiciled in Singapore as VCCs. To encourage adoption, MAS will fund up to 70% of eligible expenses to set up a VCC.
January 15, 2020 -
637Enforcement
Nine Korean Banks Face Legal Action for Selling Loss-Making Funds
Investors are reportedly preparing for a suit against banks which sold them loss-making funds from Lime Asset Management without properly disclosing the risks.
January 9, 2020 -
690Enforcement
Redemptions Halted at Korean Hedge Fund Amid Probe
An FSS probe into alleged unfair trading has triggered investor redemptions which Lime Asset Management has not been able to meet.
October 11, 2019 -
679ChinaCSRC Imposes Six-Month Business Restriction on GF Securities
The CSRC cited risk management and control deficiencies as reasons for the restrictions, after a hedge fund set up by the broker reported losses of $139mn for 2018.
August 9, 2019 -
1.2KEnforcementHong Kong Hedge Fund Penalised by CFTC, CME
Elephas Investment Management was found to have violated wheat futures speculative position limits established by the CFTC.
July 4, 2019 -
684EnforcementSFC Fines Hedge Fund Manager for Naked Short Selling
Nine Masts Capital sold shares in Yuzhou Properties in May 2015 before a share placement was complete, based on verbal confirmation of its allotment.
April 19, 2019 -
994ChinaChina’s AMAC Proposes Stricter Rules for Private Funds
Private equity, venture capital and hedge fund managers are facing more stringent requirements to register a product with the Asset Management Association of China.
March 8, 2019
