Sunday, 28 December 2014
Last updated 3 hours ago
Feb 29 2012 | 4:36am ET
The world's most populous country—and its second-largest economy—may be the next big market for the world's hedge funds.
China plans to allow foreign hedge funds to set up yuan-denominated products in the People's Republic and to raise capital there, the South China Morning Post reports. The decision, in principle, only, so far, was relayed to the Shanghai Municipal Office of Finance Service.
There will remain major restrictions on what foreign hedge funds can do in China. All will have to be registered in Shanghai, and while they can raise money in the mainland, they will not be permitted to invest in mainland markets.
It is unclear when foreign hedge funds will be able to begin launching Chinese funds.
China already allows foreign firms to set up private equity funds in the country. Those funds have an opposite restriction to that to be imposed on the hedge funds: They must invest exclusively in mainland China.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.