Barings to Launch Range of Hong Kong Domiciled Funds

Home > Funds > Equity > Barings to Launch Hong Kong Domiciled Funds

Funds
Equity

Barings to Launch Hong Kong Domiciled Funds

Development of local fund range means bank can take advantage of the anticipated mutual recognition platform between Hong Kong and China.

Baring Asset Management has announced its intention to launch a range of Hong Kong domiciled funds which it plans to bring to market in early 2015, subject to regulatory approval. Barings has decided in principle to appoint HSBC as administrator, trustee, transfer agent and custodian for the range.

Gerry Ng, CEO, Barings Asia Ex Japan, said: “We have a long and distinguished record of investing in Asia and this new development furthers our commitment to investing in local talent and infrastructure in the region. Initially we plan to launch a focused range of locally domiciled funds in Hong Kong, drawing on our deep pool of asset management expertise.

“The development of a local fund range also positions us to take advantage of the anticipated mutual recognition platform between Hong Kong and China and the increased demand for locally domiciled funds that we expect to follow.”

Barings has been active in China for over 220 years and opened its first office in Hong Kong in 1973. The firm launched one of the first mutual funds investing in the region in 1982, managed the first dedicated China fund in 1985 and were early investors in China’s domestic A-share market.

Ng said: “With this planned new fund range we look forward to continuing to expand our franchise in Asia and our commitment to the region, developing increasingly bespoke solutions in response to client demand.”

Currently Barings manages assets in excess of US$14.4bn in Asia Ex Japan (of which US$3.7bn is in China/Greater China) and employs over 130 staff in that region.

Next → ← Previous

Funds Topics

In this section

Mega Buyout Funds Raise $85bn

Following the recent significant final close of Apollo Investment Fund VIII, the largest buyout vehicle to have reached a final close since the global financial crisis in 2008, Preqin has taken a closer look at the private equity buyout fundraising market.

Chelverton Asset Managemnent Appoints Richard Bucknell

Chelverton Asset Management has confirmed that it has appointed Richard Bucknell as Investment Director in its unquoted equities team.

European Leveraged Loans Regaining Ground

The European leveraged finance market is set to undergo a shift this year, as private equity sponsors veer back towards loans to finance leveraged buyouts.

Deal Values Rise in Euro Buy & Build

Silverfleet Capital's Buy & Build Monitor reports rising deal values in Europe.

Private Investor Club Completes Maiden Deal

Specialist investor Chelverton Asset Management has confirmed the completion of its first deal since the launch last year of its Investor Club proposition.

Tech Start-Up Investment Vehicle Launched

Force Over Mass Capital (FOMCAP) has launched a new SEIS/EIS investment vehicle which gives individual investors access to the rapidly growing start-up technology space while allowing them to receive tax reliefs of up to 64% of the capital invested under the Enterprise Investment Scheme.