Hedge Fund Intelligence HFI Hong Kong Report April 2014 | Page 24

HONG KONG 2014 HONG KONG 2014 be extended to cover alternative strategies as well. “We’re still a couple of years away from this, but it will open up an important avenue for distribution of hedge funds in China using Hong Kong-domiciled vehicles,” he says. It will also prize open more opportunities for managers from the mainland. As EY advises in a recent report on the initiative: “With the upcoming mutual recognition arrangement, Chinese fund managers will take this opportunity to promote their onshore products to international markets via Hong Kong and leverage their synergy with Hong Kong upon the implementation of the mutual-recognition programme.” In other words, as Lunn says, the mutual-recognition scheme is another piece in the jigsaw that is progressively coming together to internationalise the Chinese financial services industry. In that sense, it complements initiatives such as QFII, R-QFII and the Qualified Domestic Limited Partner scheme, which has given six hedge funds quotas of $50 million each to raise on the mainland for investment overseas. Sponsor Formed in 2001, Omgeo automates trade lifecycle events between investment managers, broker/ dealers and custodian banks, enabling 6,500 clients and 80 technology partners in 52 countries around the world to seamlessly connect and interoperate. By automating and streamlining post-trade operations, Omgeo enables clients to accelerate the clearing and settlement of trades, and better manage and reduce their counterparty and credit risk. INTRODUCING SUNSHINE FUNDS TO AsiaHedge would like to welcome Sunshine Funds to its already substantial database of over 1,500 funds. Our Sunshine Funds are represented in English and we are adding to our current list each week. As a preliminary welcome offer the Sunshine Funds will be available free to all those who subscribe to the AsiaHedge Database. If you are interested in taking a look at the Chinese onshore alternative funds, why don’t you ask for a database demonstration? Contact us on: [phone] or email us at: [email protected] 24 Special Report March 2014 © HedgeFund Intelligence Omgeo’s strength lies within its global community and its ability to create solutions to enable clients to realize clear returns on their investment strategies, while responding to changing market and regulatory conditions. Across borders, asset classes, and trade lifecycles, Omgeo is the global standard for operational efficiency across the investment industry. Omgeo is a subsidiary of The Depository Trust & Clearing Corporation (DTCC). For further information contact: Omgeo Tel: [phone] Email: [email protected] Website: www.omgeo.com/hedgefunds © HedgeFund Intelligence March 2014 Special Report 25