Wednesday, 17 September 2014
Last updated 17 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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