Monday, 1 September 2014
Last updated 3 days ago
May 30 2013 | 11:06am ET
HSBC Holdings has big plans for its Asia prime brokerage.
The bank hopes to double the unit's assets over the next year, building on recent growth in the region. HSBC's Asia-Pacific prime finance unit was ranked the region's sixth-largest prime broker over the last 12 months by AsiaHedge, up from eighth a year earlier.
"For everyone, it has been a challenging year," the unit's head, Melvyn Ford, told Bloomberg News. "We definitely announced our arrival. We're trying to pick the clients and partner with clients that really want to be trading counterparts of HSBC."
The bank is already the biggest hedge-fund administrator in the region.
Ford said he aims to reach his goal by taking on several larger clients; "I don't envisage us taking a huge number of new prime clients based in the region; maybe between five and 10 a year." he said.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...