AIMA Planning China Chapter

Jan 14 2013 | 2:02am ET

The world's largest country is opening up to hedge funds, and the industry's leading lobby is wasting no time accepting the invitation.

The Alternative Investment Management Association is planning a chapter in China. The group hopes to have applications by the end of the first quarter, Bloomberg News reports.

China this year began to introduce new regulations that will allow a local hedge fund industry to thrive, as well as grant greater access to the country's markets and citizens to foreign hedge funds. So AIMA began work on a China chapter in the third quarter.

"It really is a time that AIMA needs to get a presence in China," Philip Tye, who heads AIMA's Hong Kong chapter, told Bloomberg. "There isn't an official hedge fund industry, but we think one will start to be developed."

The lobby established a group called Friends of AIMA in China, PricewaterhouseCoopers' Florence Yip has been charged with establishing the new chapter. Yip is vice chairman of AIMA Hong Kong.

AIMA is likely to open offices in Beijing and Shanghai, with founding members including both service providers and fund managers. The Hong Kong chapter will be retained, but will focus on managers operating in the special administrative region; its China committee will see its duties taken over by the new chapter.

AIMA's move into China follows that of the Hedge Fund Association, which opened Beijing and Shanghai chapters last year.


In Depth

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    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…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

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 ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.