Sunshine funds aren’t hedge funds. But to investors in mainland China, frustrated at the shackles placed on conventional mutual funds, they are regarded as the next best thing. As a report recently published by KPMG explains, the name ‘sunshine’ represents “the contrast between the transparent and regulated environment that sunshine funds operate within versus the privately managed, self-funded world of the ‘underground’ hedge fund”.
With the market for sunshine funds having expanded rapidly since the launch of the first product in February 2004, AsiaHedge invited a number of market participants to exchange their views on the growth of the industry to date, and the challenges and opportunities that lie ahead.
Participants in the roundtable were:
• ANNE-MARIE GODFREY , Partner, Bingham McCutchen, Hong Kong. Bingham McCutchen LLP is a US law firm with offices outside the US in Hong Kong, Beijing, Tokyo, London and Frankfurt and has extensive experience...