Asset allocation and investment management reporter @Bloomberg
Hong Kong
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Echo Wong retweeted
Hong Kong’s move to cut taxes for hedge funds has set off a frenzied wave of maneuvering across the city’s financial sector bloomberg.com/news/articles/… @echowonghk @DeniseWee1 @BeiHu1 @eunicexu_wj
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Hong Kong’s move to cut taxes for hedge funds has set off a frenzied wave of maneuvering across the city’s financial sector bloomberg.com/news/articles/…
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Echo Wong retweeted
Blue Pool, an investment firm backed by Alibaba Group Chairman Joseph Tsai, raised $300 million in the first close in July of a vehicle that seeks to invest in hedge fund strategies, sources say bloomberg.com/news/articles/… @echowonghk
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Echo Wong retweeted
IDG Capital, which has backed Tencent and Coinbase, has kicked off fundraising for $2 billion, according to sources
It joins other CHN-focused fund managers raising dollars from sovereign wealth funds, family offices
bloomberg.com/news/articles/… @echowonghk
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Echo Wong retweeted
Boyu Capital Investment Management, fresh off its deal for a majority stake in Starbucks’ China business, plans to raise $3 billion for a new fund, sources say bloomberg.com/news/articles/… @echowonghk
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Echo Wong retweeted
Chinese early stage funds are increasingly offering a fundraising structure that appeals to US investors wary of American compliance restrictions but keen to grow exposure to non-sensitive sectors in China bloomberg.com/news/articles/… @echowonghk
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Are you an investment advisor? The English Schools Foundation has been contacting firms to see if anyone is interested to managing its roughly US$400 million endowment
@echowonghk
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Chinese officials are intensifying efforts to tax offshore trusts that hold shares in some Hong Kong-listed companies, clamping down on a structure that the country’s mega-rich have used to invest billions of dollars overseas. bloomberg.com/news/articles/…
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Echo Wong retweeted
China’s biggest private insurer taps AI to unlock $174 billion value bloomberg.com/news/articles/… @echowonghk Dingmin
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Echo Wong retweeted
Scoop from @echowonghk @principal exits $800 million Hong Kong pension business. A key reason for exiting the ORSO operation is to cut costs of providing such customized services in an area of business where assets are shrinking blinks.bloomberg.com/news/st…
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China Investment Corp., the nation’s $1.3 trillion sovereign wealth fund, is close to finalizing the sale of about $1 billion in US private equity stakes following a temporary pause in the deal, according to people familiar with the matter bloomberg.com/news/articles/…
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The National University of Singapore is divesting at least $500 million in private equity and real estate funds to manage liquidity and rebalance its China exposure, according to sources bloomberg.com/news/articles/…
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Ontario Municipal Employees Retirement System is cutting its Asia buyout team, marking the latest change in the pension fund’s private equity unit as it reassesses its strategy bloomberg.com/news/articles/…
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The Hong Kong Jockey Club has sold $1 billion worth of assets from its fund portfolio at a discount to Toronto-based Dawson Partners, according to sources, marking one of the biggest disposals by an asset allocator in Asia bloomberg.com/news/articles/…
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Singapore sovereign wealth fund GIC is looking to offload some of its private equity fund stakes, continuing to utilize the booming secondaries market to manage its portfolio bloomberg.com/news/articles/…
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Echo Wong retweeted
As global investors gathered in Singapore’s bars and ballrooms for a series of conferences and annual general meetings this month, Northstar was raised as an exemplar of Asia’s steep challenges bloomberg.com/news/articles/… @Davidramli @oliviapohtech @DextLow @echowonghk
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Echo Wong retweeted
One of Taiwan’s largest pension funds has guided outside firms against using Hong Kong-registered entities to manage its money, underscoring the challenges facing the financial hub as it deepens ties with mainland China bloomberg.com/news/articles/… @echowonghk
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Echo Wong retweeted
Life insurers have become the latest target in Hong Kong’s efforts to compete with Singapore in retaining talent and capital bloomberg.com/news/articles/… @echowonghk
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Echo Wong retweeted
China’s largest venture capital houses are tapping the market for at least $2 billion in new funds, re-engaging with the country’s startups in a signal of renewed global investor interest in areas from AI to toys. bloomberg.com/news/articles/… @pingroma @echowonghk
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Echo Wong retweeted
The Hong Kong Jockey Club is divesting as much as $1 billion in funds held with Blackstone and other buyout firms bloomberg.com/news/articles/… @echowonghk
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