Strategic Outlook: What investors want

  • What investors want
Anecdotally speaking It’s the question that all foreign managers are asking yet is very difficult to pinpoint. Z-Ben Advisors regularly focuses on manager strategy in order to understand the most effective way to build an asset management business onshore. But it is just half of the story. This month we have taken a different approach […]
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(China Alert) Chinese CDS: The default option

  • bond, default
-China’s credit markets are set to introduce more diversified risk management tools -This is a necessary function of a maturing bond market -Provisions for foreign managers should soon be clarified Update: A new set of tools to manage credit risk is being launched in China: today the National Association of Financial Market Institutional Investors (NAFMII) […]
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(China Alert) MRF: Right place at the right time

  • MRF
– July saw the largest fundraising for northbound MRF to date – JP Morgan has the lion’s share but has begun restricting subscriptions – Demand for offshore exposure is rampant; quota is far from abundant Update: Well, what do you know; MRF monthly net flows into global funds broke RMB1bn for the first time in […]
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China Mutual Fund Series – Quarterly Assessment

  • 2Q16, China, mutual fund
Quarterly Assessment (2Q16) Shifting regulatory winds and new industry-wide trends began to visibly shape the competitive landscape last quarter. All of these changes are happening against a backdrop of unprecedented access to the Chinese mutual fund market, now the largest in Asia. This report looks in depth at how the large volume of institutional capital […]
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NEW REPORT: Redefining the China option

  • China option, New report
Targeting Chinese investors Operating on the ground in China is now an imperative and a growing number of global managers have already set up operations onshore. There is now the need to be closer to the end client to remain in competition for institutional mandates. There are also new regulations in place that have removed […]
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Strategic Outlook – China Ownership

  • China ownership
Take control now Not having an onshore presence has been a barrier to growing a China business. Without boots on the ground, selling funds in one of the world’s largest and fastest-growing investment management markets remains – at best – difficult. Regulatory barriers are now falling and full ownership of a mainland business will soon […]
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(China Alert) They say: jump, you say: how high?

  • Private Fund Managers, WFOE
-Chinese regulators have released a number of new rules for private fund managers, effective now -Prospective AMAC-registered WFOEs should follow this new rulebook closely Update: Now that investment management WFOEs can register to run private funds and the first private fund manager (PFM) has been granted a mutual fund company license, the next question is […]
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(China Alert) RMB credit: Growing up quickly

  • rmb
– China’s fixed income market has grown 14.7% over the past six months – A larger number of defaults have not deterred new managers from entering the market – We are observing distinct yield categories forming in China Update: The first half of 2016 has seen significant changes. We all know that China’s fixed income […]
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(China Alert) Foreign ownership: Execution demands precision

  • Asset Management, regulator
-Regulators will register foreign firms to conduct asset management onshore -This encompasses all asset managers, not just global hedge funds and PE -Strict timelines mean execution ability is critical Update: Forget about the Brexit vote and put that hot dog down. With attention last week centered elsewhere, we suspect most of you missed the move […]
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