|
Setting up your Asian subsidiary can be challenging. The opportunity is evident, but Asia is a long distance from New York and even London. |
|
Long Only. A classic title that does not explain the dynamic elements of today’s "traditional" investment manager. |
|
You live in Asia, trade in Asia, and understand that "Asia" is an easy way to group a myriad of countries with their own distinct markets. |
|
In this brave new world, keeping your “private equity” private, is more challenging than ever. |
Performance: Necessary, but is it Sufficient?
In the investment world, our product is our performance. Without absolute returns and benchmark beating results, the product fails. However, in 2011 and beyond, returns are not enough. Without them, there is no product. But once established, investors quickly look beyond the numbers to ask whether the business is operating like a "real company". Strategic development, business plans. Optimize the business and add performance, a receipt for absolute success |
|
Global Convergence: Are You Ready?
Convergence is everywhere. Once upon a time, mutual funds were regulated, alternatives were exempt, exchanges were public, and people executed trades in person on a real trading floor. Today, mutual funds can lever, hedge funds compete to manage long-only capital, dark pools allow for block order crossing off-exchange, and everyone is fighting for middle ground.
IFRS and GAAP are becoming one and the same, The United States and Europe are regulating alternatives and OTC markets like never before and increasingly, the winners are those companies who understand that world class businesses paired with viable performance, result in sustainable institutions.
In this converging world, there is only one question: are you ready?
|
|
One World, Three Pools of Capital - What do you choose?
As Asia continues its steep climb upwards, investment managers based in Asia now have choices to make when seeking out capital. Three major pools of capital may be allocated: The United States, Europe, and Asia. As a result of regulation and the changing environment, directions can be confusing. Stay small enough, and perhaps one can remain exempted and outside of regulatory scrutiny. Grow, and the manager today faces overlapping regulatory attention, from the SEC, FSA, APIC, SFC, and MAS. It’s challenging living in a world of regulatory acronyms.
Facing limited resources, choices must be made. Register with the SEC and the MAS? SFC and FSA? APIC, SFC and SEC? Each choice will result in costs incurred and resources drained. But the potential upside should not be understated. Registration with the SEC combined with AUM of $85M or more and the world of US pension money, the deepest pool of capital in the world, is possible. Deciding which capital to seek and then enhancing your organization to be able to obtain such capital, these are the choices that may determine the future course of your organization.
You question: What do you choose? |
|
more |
