Saturday, 28 March 2015
Last updated 12 hours ago
Aug 22 2012 | 1:29pm ET
The Bank of China International has set up a prime brokerage business designed to cater to Chinese hedge funds.
BoCI Securities has united several services it had already been providing and will seek to leverage existing clients from its private banking and investment banking units, Asian Investor reports. "Fund managers already have wide distribution channels comprising commercial and retail banks," Graham Ng, deputy head of equity sales and research, said. "But for start-up Chinese hedge funds targeting money from offshore Chinese investors, their needs are often not met by bulge-bracket investment banks' prime financing and that is where we feel we have a niche."
BoCI will focus on hedge funds with up to US$100 million in assets. It will do its own due diligence on managers strong risk management and governance before recommending them to its private banking and high net-worth clients, Ng told AI.
The bank's securities unit has offered securities lending and margin financing for some time. Those services have now been combined with execution, trading and custody services.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…