ASX Eyes Hedge Funds With Singapore Base

Feb 4 2014 | 10:08am ET

The Australian Securities Exchange is set to open an office in Singapore this year in an effort to attract hedge funds to opportunities Down Under.

The ASX is expanding its derivatives business, and hopes that Asia's growing hedge fund industry will be a major source of new customers.

"It will be a meaningful presence," ASX CEO Peter Hiom told Bloomberg News of his new city-state base. "There's an untapped opportunity for us in Southeast Asia."

ASX also plans to add client clearing services in April, allowing managers to put their collateral for derivatives trades with the exchange itself rather than with brokers, like the collapsed MF Global.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of