Entrepreneurship in Finance: Successfully Launching and by Henri Arslanian

By Henri Arslanian

Thinking of launching your personal hedge fund? are looking to research extra in regards to the diversified steps fascinated with developing and scaling a hedge fund? are looking to comprehend what are the worldwide top practices with a view to develop your latest hedge fund and allure institutional traders?

This publication is the 1st hands-on booklet to set out in concrete and sensible phrases some of the steps and issues essential to effectively release and deal with a hedge fund in Asia, with a selected specialise in Hong Kong and Singapore.

Whilst so much different hedge fund books disguise the funding part of the hedge fund enterprise, this ebook particularly offers in-depth insights into the the most important – and infrequently misunderstood – non-investment facets enthusiastic about launching a hedge fund business.

It areas specific specialize in the criminal, regulatory, fund structuring, tax, governance, capital elevating, fund phrases, budgeting, expertise, place of work house, expertise, operational and repair supplier choice issues, from the pre-launch part to the growth and institutionalisation of the enterprise.

It is written for:

  • any person or staff aiming to release a hedge fund and looking sensible and skilled guidance;
  • any current hedge fund supervisor trying to develop and allure institutional-quality capital and investors;
  • any fund supervisor or different player globally desiring to arrange a presence in Asia
  • any educational trying to research extra in regards to the functional features of the hedge fund
  • any pupil hoping to find extra concerning the hedge fund as a occupation selection.

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Entrepreneurship in Finance: Successfully Launching and Managing a Hedge Fund in Asia

Considering launching your personal hedge fund? are looking to research extra in regards to the diverse steps excited about establishing and scaling a hedge fund? are looking to comprehend what are the worldwide top practices so as to develop your present hedge fund and allure institutional traders? This booklet is the 1st hands-on booklet to set out in concrete and useful phrases a few of the steps and concerns essential to effectively release and deal with a hedge fund in Asia, with a specific specialise in Hong Kong and Singapore.

Additional resources for Entrepreneurship in Finance: Successfully Launching and Managing a Hedge Fund in Asia

Example text

See Chap. 5. 2 Starting a Hedge Fund in Asia 11 strategies due to easy access to China and proximity to portfolio companies. Singapore has been a natural choice for macro managers or managers focusing on the broader Southeast Asia region. Personal considerations tend to have a lot of importance but vary for each individual. Both Hong Kong and Singapore are exciting places to live, although there are some minor differences between them (see Chap. 4). 5 % tax rate vs. , Hong Kong’s 15 % vs. Singapore’s 20 %) and no arbitrage can be done from a regulatory perspective (both Hong Kong and Singapore have relatively similar regulatory regimes for hedge funds).

Although this amount will be reimbursed, it still needs to be fronted by the fund manager and thus needs to be considered in the budget as it will be a cash flow expense. For someone using an independent platform, the costs will vary greatly but will generally be anywhere from US$300,000 to US$1 million for a two-year period depending on the type of service providers used. Any budget should include some essential management company expenses including salaries, rent, legal and regulatory costs, tax and audit costs, technology, systems, and so on.

32 Entrepreneurship in Finance (generally five years) and so the negative impact on AUM and returns will be diluted. Legal costs need to cover both onshore and offshore work, and can run in the range of US$25,000 to US$200,000 for a small fund, depending on the law firm chosen and the complexity of the set-up. Other significant expenses will be: • Fund administration fees. These are generally charged on a basis point method, although smaller funds will run into minimum monthly fees (around US$2000–US$15,000/month).

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