Monday, 20 October 2014
Last updated 2 days 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...