Asia
Hong Kong fund managers suffer 10% fall in AUM
Hong Kong suffered a 10% decline in the total AUM of its fund management sector in 2011, an annual survey has revealed, although steps to strengthen its position as an offshore renminbi centre leave the jurisdiction in a good position, says its regulator.
occupy protesters in HK given 2 weeks
Protesters who have been occupying a plaza beneath HSBCs Hong Kong Central district headquarters have been given two weeks to respond to a lawsuit seeking to be allowed to oust them.
GLG builds Asian long-short equity team
GLG Partners is to build a long-short equity team based in Hong Kong under the management of head of Asia Equity David Mercurio and risk specialist Ben Freischmidt.
Qatari banks and financial companies grew
The Isle of Man-domiciled Qatar Investment Fund continues to favour Qatar over other countries within the GCC due to its relatively low political risk and high growth prospects in its latest quarterly investment report.
devere opening office in penang
The deVere Group is continuing its push into less-well-known overseas markets, with plans to open an office in the North Malaysian state known as Penang, for which it has obtained a licence from the Labuan Offshore Financial Services Authority.